UPDATE 1-Brazil mid-month October inflation lowest in 21 years
BRASILIA, Oct 22 (Reuters) – A measure of Brazilian inflation this month fell to its lowest in over 20 years, figures on Tuesday showed, cementing the view that the central bank will cut interest rates to a fresh all-time low next week and probably again before the year is out.
Consumer prices rose 0.09% from mid-September to mid-October, marking the weakest rate of this particular measure of monthly inflation for any month of October since 1998, according to government statistics agency IBGE.
By Jamie McGeever via Reuters