Inflation to Surpass Target During World Cup

By Lise Alves, Contributing Reporter

SÃO PAULO, BRAZIL – The main consumer inflation index in Brazil for services such as food and transportation, the IPCA, is likely to rise during the World Cup Games (from June 12th to July 13th), increasing inflation for June and July, according to economists.

“We are forecasting inflation at 0.42 percent in June and 0.23 percent in July,” says Alessandra Ribeiro, economist and partner . . .

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