Brazil’s IPCA mid-month CPI showed a significant increase, rising to 0.48% from the previous -0.14%. This marks a notable shift of 0.62 percentage points, indicating higher inflationary pressures compared to the last recorded period.
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The actual CPI figure of 0.48% came in slightly below the analyst estimate of 0.51%. This lower-than-expected inflation reading may provide some relief to sectors sensitive to interest rate changes, such as consumer goods and real estate. The market impact is likely to be short-term, driven by sentiment as investors adjust their expectations regarding future monetary policy moves.