June 10, 2020 / 12:10 PM / 2 months ago

Brazil May consumer prices fall at fastest rate since 1998 - IBGE

BRASILIA, June 10 (Reuters) - Brazilian consumer price inflation, as measured by the IPCA index, fell 0.38% in May, government statistics agency IBGE said on Wednesday, less than the 0.46% fall economists in a Reuters poll had expected but still the lowest reading since 1998.

Prices rose 1.88% in the 12 months through May, slightly more than the median forecast of 1.8%, but also the lowest annual rate of inflation in over 20 years. (Reporting by Jamie McGeever; Editing by Andrew Heavens)

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