By Contributing Reporter
RIO DE JANEIRO, BRAZIL - The Broad National Consumer Price Index (IPCA), considered Brazil's official inflation index, stood at 0.13 percent in May, representing a slowdown compared to the 0.57 percent rate in April, according to the Brazilian Institute of Geography and Statistics (IBGE), as reported on Friday, June 7th.
It was the lowest result for May since 2006 (0.10 percent). It is also the lowest monthly index of the year to date, primarily reflecting the decompression of prices in the food and beverage sector, which once again showed deflation. Low inflation is related . . .