Investing.com -- Brazil's IGP-DI inflation reached 0.87% month-over-month in May 2026, according to a Citi report released Tuesday. The figure came in above market expectations of 0.79% and followed a 2.4% monthly increase in April. The year-over-year rate now stands at 2.5%, up from 0.8% in April.

The wholesale component rose 0.95% month-over-month in May, down from 3.1% in April. The agricultural wholesale subcomponent remained flat at 0.0% compared to 1.0% the previous month, while the industrial wholesale subcomponent increased 1.3%, down from 3.8%. The consumer component rose 0.6% in May from 0.9% in April, and the construction component posted 0.9%, down from 1.0%.

In Mexico, headline biweekly inflation for the second half of May came in at negative 0.13%, below Citi's forecast of negative 0.08% and Bloomberg consensus of positive 0.05%. The result was driven mainly by non-core fruits and vegetables prices, which fell 4.08%. Core inflation stood at 0.08%, below Citi's estimate of 0.14% and consensus of 0.12%.

Annual headline inflation in Mexico reached 3.77% in the second half of May, down from 4.11% in the first half. Core inflation was 4.15%, down from 4.22%. For the full month of May, headline inflation stood at negative 0.21% month-over-month, or 3.94% year-over-year, while core inflation was 0.22%, or 4.19%.

Mexico's Finance Minister said economic growth should begin to materialize soon as delayed public investment projects move into execution. The government expects a pickup in public and mixed investment under a multi-year infrastructure plan.

In Peru, the official vote count shows Roberto Sánchez ahead of Keiko Fujimori by approximately 0.1 percentage points with nearly 95.7% of ballots processed. The margin stands at roughly 20,000 to 30,000 votes.

Argentina's Ministry of Economy proposes extending local currency debt maturities until 2030. On Wednesday, the government faces maturities of 5.1 trillion Argentine pesos.