|Mar 22, 12:00||Mid-month Inflation||0.54%||0.15%|
The IPCA inflation released by the Instituto Brasileiro de Geografia e Estatistica is a measure of price movements by the comparison between the retail prices from consumption of families with a purchasing power of up to forty minimum wages. The purchase power of the BRL is dragged down by inflation. The IPCA is a key indicator to measure inflation and changes in purchasing trends. The data is gathered 15 days prior to the month of reference. Generally speaking, a high reading is seen as positive (or bullish) for the BRL, while a low reading is seen as negative (or Bearish).
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