LatinNews Daily - 15 June 2026

*Brazil’s national institute statistics (Ibge) has released the official inflation figures for May, showing a monthly inflation rate of 0.58% and an annual rate of 4.72%. The latest monthly result marks a slowdown compared to the 0.67% inflation registered for the previous month, but the annual result is up from the annual figure of 4.39% in April. The May annual inflation figure is also above the upper bound of the offical inflation target range of 3.0% +/-1.5 percentage points. All but two of the nine categories of products and services measured by the Ibge registered monthly price increases in May, with the greatest rises registered in food and drinks (+1.33%) and housing (+1.22%). The only category to post monthly deflation was transport (-0.46%), while education registered zero monthly price variation in May. Cost-of-living concerns could risk dampening the public mood in the months ahead of Brazil’s presidential election in October, in which President Luiz Inácio Lula da Silva is seeking another term. His government has in recent months launched several initiatives aimed at improving consumer confidence and increasing Lula’s popularity, with the latest popularity-boosting measure announced on 12 June – a credit line to help drivers for ride hailing and delivery apps buy motorcycles and electric bicycles. This follows other similar measures for the sector.

End of preview - This article contains approximately 223 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial