By Richard Mann

RIO DE JANEIRO, BRAZIL - Inflation has slowed for all social groups, especially for the lowest income bracket, the Institute of Applied Economic Research (IPEA) reported yesterday, June 14th. According to the Ipea Indicator of Inflation by Income Range, in May there was a slowdown for the second consecutive month.

According to the IPEA, deflation in food prices benefited lower-income families, who experienced inflation of 0.10 percent, while wealthier families experienced inflation of 0.18 percent. In the 12-month aggregate from June 2018 to May 2019, inflation for poorer families stood at 5.05 percent . . .

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