Inflation Rate May Top Eight Percent in Brazil in 2015

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL - Financial analysts have increased forecasts for the annual inflation in Brazil for 2015 to 8.12 percent, according to the latest Focus Survey, released by the Central Bank. The previous survey forecast annual inflation at 7.93 percent. This is the first time this year that inflation forecasts have surpassed the eight percent level.

According to Planning Minister, Nelson Barbosa, the year is just starting and market forecasts are likely to fluctuate more during this period. “Market expectations is sometimes volatile,” Barbosa stated during a press conference on Monday, March . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?