Brazil’s Financial Market Raises Inflation Estimate from 3.29 to 3.31 Percent

Financial institutions' forecast for inflation this year has increased slightly.

RIO DE JANEIRO, BRAZIL - The forecast for inflation, calculated weekly using the Broad National Consumer Price Index (IPCA), rose from 3.29 to 3.31 percent.

There has been no change in the forecasts for the following years: 3.60 percent in 2020, 3.75 percent in 2021, and 3.50 percent in 2022.

These are estimates from a survey of financial institutions, prepared weekly by the Central Bank (BC) and published on . . .

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