Inflation: the downturn is slower than expected

21/01/2003 - 21h06

Rio, 1/22/2003(Agência Brasil-ABr) – Brazilian inflation has fallen, but less than expected. The General Market Price Index (IGP-M) for the second sample period in January was 1.81%, compared to 3.26% for the second sample period in December. The reasons for the slower than expected downturn were the exchange rate, fuel prices and the beginning of some product harvests, says Salomão Quadros of the Fundação Getúlio Vargas. (AB)