Brazil Registers Deflation for First Time in 11 Years in June

The country registered a deflation of 0.23 percent in June, the lowest for the month since the beginning of the Real Plan, in 1994.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The National Consumer Price Index (IPCA) in Brazil registered a deflation of 0.23 percent in June, according to the IBGE (Brazilian Statistics Bureau). This is the first negative result registered in eleven years and the lowest for the month since the beginning of the Real Plan economic plan, in 1994.

"The three most important groups for the domestic household budget have fallen, affecting the main expenses of the population: food, housing and transportation,” said IBGE price index coordinator, Eulina Nunes, noting the decline in electricity and transportation tariffs as . . .

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