Survey: Brazil’s 2020 Inflation Outlook Rises to 3 Percent, Spiked by Food Prices

The survey also showed that this trend could force the central bank to tighten policy more than previously expected. Economists now see the bank's benchmark Selic rate ending next year at 2.75 percent.

RIO DE JANEIRO, BRAZIL - Brazil's 2020 inflation outlook rose to 3 percent, a central bank survey showed on Monday, the 11th week in a row it has risen as a recent spike in food prices continues to intensify short-term inflation pressures.

It is the first time since March that the central bank's regular 'FOCUS' survey of around 100 economists has pegged inflation this year at 3 percent, although that remains well below the bank's official 2020 goal of 4 percent.

The survey also showed that this trend could force the central bank to tighten policy more . . .

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