Brazil's wholesale price index fell 0.79% in June, reversing May's 0.87% gain and giving the central bank more room to cut. Indonesia hiked instead, defending its currency, a split now forming between EM growth cutters and currency defenders.
FGV data shows Brazil's IGP-DI inflation index fell 0.79% in June, bringing the 12-month rate to 3.6% as price pressures eased across components. Source
