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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s inflation in the first half of October registered the lowest growth rate since the first fifteen days of October of 2009. The IPCA-15 inflation index, which measures inflation from the fifteenth of one month to the fifteenth of the following month registered a hike of 0.19 percent in October, according to the IBGE (Brazil’s Statistics Institute).

“The decrease in the inflation rate between September and October was caused mainly by a deflation of food prices by 0.25 percent,” read the statement released by IBGE . . .

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