Brazil's inflation slows down, IBGE announces

The Broad National Consumer Price Index (IPCA) in South America's largest country stood at 0.39% in November, according to the Institute of Geography and Statistics (IBGE) survey released Tuesday, Agencia Brasil reported. The new figures represented a slowdown from October's 0.56%, which "does not indicate a drop in prices but rather a slower pace of increases" as food items kept driving the IPCA upwards.