From Yahoo Finance: 2025-06-10 08:30:00

Brazil’s inflation rate slowed more than expected in May, with consumer prices rising 0.26% last month and 5.32% over 12 months, below forecasts. Despite a decline from April, the rate still exceeds the central bank’s target range. Two of nine surveyed groups saw price decreases, with food and beverage price increases slowing.

The data precedes Brazil’s central bank interest rate-setting meeting, where policymakers are expected to exercise “flexibility and caution” after a recent 50 basis points increase to 14.75%. This comes as inflation slows but remains above target, with key sectors like transport and food showing varying price trends.

Read more: Brazil’s inflation undershoots forecasts ahead of rate decision