Brazil’s 2021 consumer price inflation projections rise from 7.58% to 8.0% – Focus report

For 2021, the official inflation target is 3.75%, with a tolerance interval of 1.5 percentage points (p.p) plus or minus. That means an 8% inflation rate would exceed the target ceiling.

RIO DE JANEIRO, BRAZIL - Fnancial market agents continued to increase their forecasts for inflation this year to 8% and 2022, to 4.03%. The numbers are in the weekly Focus report, which gathers market expectations, released by the Central Bank (BC) on Monday.

Last week, the median in the market was of a high of 7.58% for this year and 3.98% for next year. Expectations have been rising week after week due to several uncertainties that the market sees ahead, such as the water crisis, the issue of precatórios (federal court-ordered debts), and the continued inflationary . . .

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