The governor of the Central Bank of Brazil said on June 27 that “the worst of the inflation has now passed” in his country. Speaking as part of a conference panel at the University of Lisbon, Roberto Campos Neto said that Brazil had successfully taken a proactive approach to rising prices.

In his presentation, Campos Neto’s figures showed a slight decline in consumer price index inflation in May 2021, to 11.73%. The April figure was 12.13%. The rate remains well above the 2022 inflation target