By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Annual inflation forecasts in Brazil for 2015 by financial analysts have increased for the ninth consecutive time, from 8.46 percent to 8.79 percent this week, according to the latest Focus Report released by the Central Bank. The significant increase from the previous report was due to the latest IPCA (inflation rate index) for May, which registered continuous inflation, this time increasing by 0.74 percent. For 2016 the forecast continues to be an annual inflation of 5.50 percent.
The Central Bank has already admitted that inflation will . . .