Citi: Brazil IGP-DI Tops Forecast in May as Mexico Posts Softer-Than-Expected CPI
Citi reported that Brazil’s IGP-DI inflation rose 0.87% month-over-month in May 2026, above the 0.79% market expectation and boosting the year-over-year rate to 2.5%. In Mexico, biweekly headline inflation for the second half of May fell 0.13%, weaker than Citi and Bloomberg forecasts, with non-core food components contracting sharply. The reports …