June's inflation figure of 1.9% strengthens expectations of a sustained slowdown, according to economist Pablo Das Neves.
Economist Pablo Das Neves noted that inflation deceleration shows signs of consolidation after three consecutive months of declines. He highlighted that core inflation came in below the general index and that food prices continue on a downward path.
Das Neves explained that regulated prices, especially in services, still influence the index. He also mentioned that clothing recorded only a 0.4% increase in June due to greater competition from imports.
Regarding the international context, the economist indicated that oil prices are already factored into market expectations. The combination of fiscal and monetary policies helps keep monetary aggregates under control.
