Brazil · Economy
Key Facts
—The number. Annual inflation rose to 4.72% in May.
—The breach. It pushed above the central bank’s ceiling for the first time since October.
—The culprit. Food and drink prices led the rise, even as transport eased.
Brazil Inflation Breaks Above Target, Clouding Hopes of Rate Cuts
Brazil inflation rose to 4.72 percent in May, breaking above the central bank ceiling for the first time since October and clouding hopes of more rate cuts.
TL;DRAI
Brazil's inflation jumped to 4.72% in May, breaking the central bank's 4.5% ceiling for the first time since October. With Selic at 14.5%, rate cuts are now paused; tighter credit will slow tech hiring and raise infrastructure costs across the region.
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