RIO DE JANEIRO, BRAZIL - The Fund now estimates a 7.9% increase in the IPCA (Extended National Consumer Price Index) for this year, against 4.5% in its last inflation projection in April. Simultaneously, it increased its projection for 2022 to 4.0%, from the previous 3.5%.
The projection for this year significantly exceeds the official inflation target ceiling, while for 2022 it remains within the tolerance margin - the Central Bank's inflation target for 2021 is 3.75% and for 2022 it is 3.50%, with a margin of 1.5 percentage points up or down.
Despite the . . .
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