Brazil’s Central Bank Says Inflation Will Remain Stable

Prices in Brazil, both wholesale and retail, are signaling stability, according to the Focus Bulletin, released February 9 by Brazil’s Central Bank. The bulletin represents a weekly survey of 100 market analysts and representatives of financial institutions with regard to the major tendencies of the national economy.

According to the bulletin, the Broad Consumer Price Index (IPCA) is expected to end the year up 5.75%, a tiny bit higher than the 5.74% forecast in last week’s analysis.


This prediction clashes with the projection made by the University of São Paulo’s Institute of Economic Research Foundation (Fipe), which lowered its Consumer Price Index (IPC-Fipe) inflation forecast from 5.47% last week to 5.39%.


On the wholesale front, the General Market Price Index (IGP-M) raised its prediction for this year’s inflation from 6.20% to 6.21%. The Focus survey continues to uphold a 7% cumulative increase in administrative price rates (fuel, electricity, telephone services, etc.).


The market expects that the Brazilian Institute of Geography and Statistics (IBGE) will announce that January’s increase in the IPCA will amount to 0.60%. The expectations for inflation in February remain the same as they were last week, 0.65%.


Translation: David Silberstein
Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Spicy Girls

Brazzil `s Personals with a series of men seeking Brazilian women seem to have ...

Only a New Attitude by EU and US Will Save WTO’s Doha Round, Says Brazil

Despite delays in the negotiations, the Brazilian government believes it is still possible to ...

Brazil’s Industry Leaders Ask Lula for Stability and Lower Interests

Brazil’s Minister of Finance, Antônio Palocci, said on Friday, August 5, that the government ...

Brazil Warns: Respect Gays or Else

Following the lead of São Paulo and Rio, the state of Santa Catarina has ...

Look at Those Hoopsters!

While the WNBA is considered a career advance for women with basketball career aspirations, ...

Despite Crisis Brazil’s Leather Fair Repeats 2007 Performance

Brazil's Couromoda 2009 – The International Shoes, Sportsgoods and Leathergoods Fair – registered results ...

Almost 1 million Brazilians Stop Receiving their Family Allowance

Over 700 thousand Brazilians have lost their Bolsa Família (Family Allowance), a monthly voucher ...

A Carnaval of Disillusion in Brazil

Brazilian politics is once again involved in a scandal. It was revealed that the ...

Por aí

Tropical Christmas Some of Brazil’s greatest composers and singers have gathered around the Christmas ...

Brazil’s Vice-President Accuses Lula of Having Pact with Devil

Brazilian Vice-President and Defense Minister. José Alencar, accused President Luiz Inácio Lula da Silva ...