Inflation in Brazil slowed and accumulated increase of 3.09% until May

Brazil's inflation slowed in May to 0.43% and accumulated an increase of 3.09% so far this year, the government said Friday.
The price rise was lower than the previous month (0.57%), but the sum of the first five months of the year comfortably above the 2.20% recorded during the same period last year, according to the state newsletter Brazilian Institute of Geography and Statistics (IBGE).
In the last twelve months of the year inflation fell slightly to 5.22%, which is located above the official target of 4.5% for 2010, but is still within the margin of two points of tolerance that allows the Government.
In May, food prices moderated their higher (1.15%) and allowed the improvement of the overall index. The electrical energy increases (1.23%) and declining fuel (-1.23%) also contributed to enliven prices.
Inflationary trends are one of the adverse effects of the strength of the Brazilian economy in the first quarter grew by 9.0% over the same period last year.

One of the main factors which support the growth of Brazil is the household consumption that between January and March jumped 9.3%, helping to push prices higher.
Therefore, the vast majority of market analysts agree that the Central Bank will announce today a further rise in interest rates, which are of 9.50% per year, to curb these inflationary trends.

The most widespread idea is that the monetary authority chooses to apply an increase to three quarters of a point, the same magnitude as last April, when it held its last meeting.
In 2009, Brazil registered an inflation rate of 4.31%, slightly below the goal that drove the government, which like this year was 4.5%