Brazil’s IPCA mid-month CPI YoY rose to 5.32% from the previous 4.95%, marking an increase of 0.37 percentage points. This upward movement reflects a higher inflation rate compared to the prior period.
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The actual CPI figure of 5.32% came in slightly below the analyst estimate of 5.36%. This marginally lower-than-expected inflation rate may ease immediate concerns over aggressive monetary policy tightening. Consumer goods and retail sectors might experience short-term relief, as the lower-than-expected inflation could temper interest rate hike expectations, potentially supporting stock prices in these areas.