By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Inflation forecasts in Brazil for this year have increased for the seventh consecutive time, as analysts now predict end-of-year inflation to reach 7.61 percent, according to the weekly Focus Survey bulletin released by the country’s Central Bank. For 2017 the official government forecast remains at six percent.
The inflation index (IPCA) picked up strength in January, registering an increase of 1.27 percent in relation to the previous month, the highest monthly rate for January since 2003. Food and beverages increased by 2.28 percent during . . .