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Brazil's IPCA-15 consumer inflation fell 0.59% month on month in the month to mid-May, the steepest monthly decline since the Real Plan began in 1994. Transport costs fell 3.5%, with fuel down 8.5% and air fares down 27.1%.
The data is an official statistics release.
Deflation driven by weak demand and lower fuel costs signals softer domestic demand in Brazil, which has little direct effect on feed ingredient prices.
reuters.comJamie McGeeverMay 26, 2020After 40 past report events, Brazilian Real (BRL per USD) moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
