Brazil inflation drops to lowest since April 2007

Article source
Financial Times

Falling inflation remains the lone bright spot in Brazil’s otherwise scandal wrecked economy.

Consumer price increases – as measured by the country’s IPCA index – came in at 3 per cent in the 12 months to the end of June, down from 3.6 per cent the previous month and largely in line with the 3.05 per cent the market had forecast.

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