Food and Energy Prices Keep Inflation High in Brazil

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The IPCA (Consumer Price Index) in Brazil rose by 0.74 percent in May, according to the IBGE (Brazilian Statistics Bureau) registering a slightly higher inflation than that registered in April (0.71 percent). The inflation rate now accumulates an increase of 5.34 percent in the first five months of the year, the highest for the period since 2003. Inflation accumulated for the twelve-month period (June 2014-May 2015) is of 8.47 percent.

According to Eulina Nunes dos Santos, coordinator of the Subscribe to our Premium Membership Plan. Already Subscribed?