Inflation estimates exceed 7% as frost hits Brazil

Current projections contrast with those made earlier in the year, when prices were expected to rise by only 3.5% in 2021.

RIO DE JANEIRO, BRAZIL - Last week's frosts and their forecast until tomorrow will pressure food prices and contribute to an already complex inflation scenario, which is leading economists to revise their projections for the National Broad Consumer Price Index (IPCA) for 2021.

Estimates are starting to exceed 7%, almost 2 percentage points above the Central Bank's inflation target. If this happens, this year Brazil will register the highest inflation since 2015, when it reached 10 . . .

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