UPDATE 1-Brazil inflation falls to 2.89%, lowest since May last year

BRASILIA, Oct 9 (Reuters) – Brazilian consumer price inflation fell to its lowest in more than a year in September, official figures on Wednesday showed, a reading below the central bank’s target that is likely to strengthen expectations of another cut in interest rates.

The benchmark IPCA index of inflation rose 2.89% in the 12 months through September, down from an increase of 3.43% in the previous month, government statistics agency IBGE said on Wednesday.


By Jamie McGeever via Reuters


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