ISTANBUL: Brazil's consumer inflation slowed down in June on a monthly basis, according to figures released Wednesday by the Brazilian Institute of Geography and Statistics (IBGE). Consumer inflation monthly increased 0.21%, slowing down from a 0.46% month-on-month rise recorded last month. The figure also managed to came in lower than market estimates of 0.32%. The health and personal care group showed an increase of 0.54%, while food and beverages rose 0.44%, but transportation declined 0.19%, IBGE said in a statement. On an annual basis, however, consumer price index rose 4.23% in June, accelerating from a 3.93% increase in May. That figure also managed to came in lower than market expectations of a 4.35% year-on-year gain. Brazil's central bank on May 8 lowered its benchmark interest rate by 25 basis points to 10.50%, its seventh consecutive rate cut and the lowest level since February 2022. Banco Central do Brasil on June 19 kept its benchmark interest rate unchanged at 10.50%. Its next two-day m eeting will conclude on July 31. Source: Anadolu Agency