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Investing.com -- Brazil’s inflation rate in May decreased to 0.26% month-over-month, down from 0.43% in April, coming in below market expectations.
The May inflation figure was lower than the 0.30% forecast by Bank of America and the 0.32% consensus estimate. On a yearly basis, inflation decelerated to 5.32% from the previous reading of 5.53%.
Core inflation measures also showed improvement in May. The average of five core measures tracked by Brazil’s central bank slowed to 0.30% month-over-month, compared to 0.50% in April. Core services inflation decreased to 0.42% from 0.61% in the previous month.
The inflation momentum, measured by the three-month moving average at a seasonally adjusted annual rate, fell to 5.48% from 5.71%.
The diffusion index, which tracks the percentage of items recording price increases compared to the previous month, declined to 59.7% from 66.8% in April. This marks the first time the diffusion index has fallen below 60% since November 2024.
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