RIO DE JANEIRO, BRAZIL - The financial market has raised the inflation estimate for this year. The projection for the Broad National Consumer Price Index (IPCA) rose from 3.20 to 3.25 percent, according to the Focus bulletin, a publication released every week by the Central Bank (BC), with the projection for the main economic indicators.
This was the 14th consecutive increase in the estimate. For 2021, the inflation projection rose from 3,17 to 3,22 percent, in its fourth consecutive increase. The projection for 2022 and 2023 remained unchanged: 3,50 and 3,25 percent, respectively.
The 2020 . . .