Brazil's price index up 0.29%
The Brazilian price index has increased in the latter half of the month of May indicating that inflation is being controlled.
Brazil's general price index, the IGP-M, has picked up 0.29% during the last ten days of May. The increase in the price index is compared to a fall of 0.52% in the previous month of April. The results exceed analyst expectations of an increase around 0.04% and have led to a shift in foreign exchange rates.
The figures relating to the increased price index indicate that Brazil is getting a grasp on the inflation and that there are signs of economic slowdown.
Currently the Brazilian real is trading at 0.37 against the euro and 0.31 against the pound.
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The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.