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BofA raises Brazil’s consumer price projection for 2021 from 7.75% to 8%

RIO DE JANEIRO, BRAZIL - Bank of America (BofA) raised the National Wide Consumer Price Index (IPCA) projection for 2021, from 7.75% to 8%, after the release of the IPCA in August, by IBGE, on Thursday (9). The indicator rose 0.87% against July.

Although it slowed down in relation to the previous month, when it advanced 0.96% in the margin, the August index was above the bank's . . .

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