Forex - Brazil CPI - IPC-S to 15 July rebounds to -0.05%, as expected


 11:12 (GMT) 17 Jul

  [Economic Data]

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Brazil CPI - IPC-S to 15 July rebounds to -0.05%, as expected (0100-QSKJ-C01)

IPC-S to 15 July continued the usual rebound after seasonal and one-off factors affect monthly readings. The report came as expected at -0.05%m/m with food inflation stable at -0.44%, transports relatively stable at -0.55%, housing up from -0.29% to 0.17% and communications up tom -0.06% to 0.14%. While there is an upturn in the readings, the negative readings in wholesale inflation is likely to keep consumer inflation low.


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