UPDATE 1-Brazil inflation in mid-November slips to second lowest in over 20 years

BRASILIA, Nov 22 (Reuters) – Brazilian inflation fell to the second lowest level in more than two decades, according to a mid-month measure of consumer prices released on Friday, a figure likely to give the central bank extra cover to reduce interest rates again next month.

The annual rate of Brazil’s IPCA-15 consumer price inflation in the month to mid-November fell to 2.67% from 2.72% the month before, marking the lowest rate since September last year and the second lowest since March 1999.


By Jamie McGeever via Reuters


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