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Brazil's November Consumer Prices To Slip The Most Since Mid-2017

Published on Dec 5 2018 2:29 PM in Retail tagged: Retail / Brazil / Latin America / Consumer Prices / Paywall

Brazil's November Consumer Prices To Slip The Most Since Mid-2017

Brazilian consumer prices likely fell the most in more than a year in November, a Reuters poll showed on Tuesday, suggesting that the central bank could refrain from raising interest rates for even longer than expected.

The benchmark IPCA index probably dropped 0.10% from October, according to the median of 22 forecasts.

That would be the first decline since August, when the normalisation of supply chains in the aftermath of a nationwide truckers' strike drove prices lower across the board, and the largest since mid-July 2017.

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