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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (9568)	11/10/1998 5:16:00 PM
From: Fred Levine	Read Replies (1) \| Respond to of 22640

Steve and all-- This news adds credence that interest rates will be reduced.. Tuesday November 10, 1:27 pm Eastern Time Brazil's IGP-DI inflation index drops 0.03 pct-FGV SAO PAULO, Nov 10 (Reuters) - Brazil's inflation as measured by the Indice Geral de Precos - Disponibilidade Interna (IGP-DI) dropped 0.03 percent in October, against a 0.02 percent drop in September, the independent research institute Getulio Vargas Foundation (FGV) said on Tuesday. The IGP-DI index is a compilation of three indices -- the IPA wholesale price index, which dropped 0.19 percent in the period; the IPC consumer price index, which gained 0.20 percent; and the INCC national index of construction costs, which advanced 0.01 percent. The IPA has a 60 percent weighting, the IPC a 30 percent weighting and the INCC 10 percent, the FGV said. The FGV releases the IGP-DI figure once a month. f