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By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Financial institutions consulted by Brazil’s Central Bank (BC) have once again reduced the estimate for inflation this year from 3.89 percent to 3.71 percent. The forecasts are in line with the latest results of the Consumer Price Index (IPCA) which registered a deflation of 0.21 percent in November.

According to the IBGE (Brazilian Geography and Statistics Institute) which measures the country’s official monthly inflation, Subscribe to our Premium Membership Plan. Already Subscribed?