So a probably unfocussed on bit of economic data has just come in and the Brazilian CPI read was 8.84%. In February Brazilian CPI read was 10.70%. Anyone know what kind of effect that 18% drop in inflation has on our costs? Is it a marginal effect or does Brazil reeling in CPI actually give us some sort of material benefits in a period of the cycle in which we are trying to decrease production costs to drive margins?
BDR Price at posting:
47.5¢ Sentiment: Hold Disclosure: Held