Brazil’s preliminary inflation slows down in May

The Extended National Consumer Price Index 15 (IPCA-15) decreased by 1.96% y/y in May
The Extended National Consumer Price Index 15 (IPCA-15) decreased by 1.96% y/y in May
The Extended National Consumer Price Index 15 (IPCA-15) decreased by 1.96% y/y in May

The Extended National Consumer Price Index 15 (IPCA-15) decreased by 1.96% y/y in May, much lower than the country’s inflation target set at 4% y/y for 2020. In April, the figure was 2.92% y/y. The slowdown in April was driven mainly by lower prices of fuel and airline tickets, which fell by 8.54% m/m and 27% m/m respectively, as domestic demand was subdued due to social distancing measures and restrictions on air transportation.

The Extended National Consumer Price Index 15 (IPCA-15) decreased by 1.96% y/y in May
 
The IPCA-15 is a preview of the official inflation index, with the difference being the data collection period, which is from the 16th day in the previous month to the 15th in the current one.
 

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1st 六月 2020 Brazil’s preliminary inflation slows down in May