Brazil IGP-M inflation slows to 0.86 percent advance in October

Reuters

RIO DE JANEIRO, Oct 30 (Reuters) - Brazil's broadest priceindex, the IGP-M, rose 0.86 percent in October,slowing sharply from its 1.5 percent rise in September, theGetulio Vargas Foundation said on Wednesday.

Economists expected the index to rise 0.92 percent inOctober, according to a Reuters survey.

In the 12 months through October, the IGP-M index rose 5.27percent.

The IGP-M index measures wholesale, consumer andconstruction prices.

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