Carrefour Brasil sees 'very weak' food inflation in Q2 -CEO

Kitco Media
By Reuters
Published:
Updated:
Reuters
SAO PAULO, May 3 (Reuters) - Carrefour Brasil expects food inflation in the country to be "very weak" in the second quarter, perhaps even reaching disinflation level, Chief Executive Stephane Maquaire said on Wednesday. His remarks come as consumer prices in Brazil reached in the year to mid-April their lowest since late 2020, helped by slowing costs in the key food and beverage group, with the government calling on the central bank to cut interest rates. (Reporting by Alberto Alerigi Jr.; Editing by Steven Grattan)

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