Bloomberg News

Brazil Oct. IGP-M Price Index Rises 0.53% From Previous Month

October 28, 2011

Oct. 28 (Bloomberg) -- Brazil’s monthly inflation as measured by the IGP-M price index slowed to 0.53 percent in October, the Getulio Vargas Foundation said.

The increase was lower than the median 0.55 percent forecast in a Bloomberg survey of 33 analysts.

The IGP-M, the country’s broadest measure of inflation, rose 6.95 percent from the same period a year ago, the Rio de Janeiro-based Getulio Vargas Foundation said today in a report released on its website.

To contact the reporter on this story: Alexander Ragir in Rio de Janeiro at aragir@bloomberg.net

To contact the editor responsible for this story: Harry Maurer at hmaurer@bloomberg.net


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