Brazil Anticipates 5.1% Inflation in 2005

Brazil’s Central Bank (BC) projects that Brazilian inflation in 2005 will be 5.1%, according to the minutes of the meeting of the BC’s Monetary Policy Committee (Copom), released today.

Despite price increases in petroleum-derived products, the Copom minutes maintain that there will be no overall change in the inflationary impact of prices administered by contract and monitored (fuels, electricity, telephone services, education, medications, and others).

According to the BC document, the projected readjustments in 2005 remain unaltered for fixed telephone rates (up 6.7%) and for residential electricity rates (up 7.6%), while bottled gas prices will be 1.2% less expensive.

ABr

Tags:

You May Also Like

Once World’s Top Rubber Producer, Brazil Imports the Product Today

The Brazilian production of rubber increased 233% in the last 12 years. The internal ...

Brazil’s PT Calls on Leaders to Stand Up and Defend Lula

One of the principal conclusions reached at yesterday’s, June 19, meeting of the National ...

Brazilian Congress Creates Committee to Deal with Indian Issues

During a joint session held last week, Brazil’s National Congress approved the creation of ...

In Brazil US Is Number One in Importing and Exporting Machinery

razilian machinery and equipments exports yielded US$ 2.174 billion in the first quarter, an ...

From Rio to Ouro Preto with charm

Here’s a Brazil far from the maddening crowds which has been preserved in its ...

Brazil Getting Ready to Build Another Nuclear Plant

The president of the Latin American section of the American Nuclear Energy Society (LAS), ...

New Poll Shows Dilma 12 Points Ahead of Serra in Brazil’s Presidential Runoff

Dilma Rousseff, Brazil’s presidential candidate handpicked by Lula to succeed him, has widened her ...

After Prison Will Brasília’s Ex-Governor Go on Trial?

After two months in prison, the ex-governor of Brasília is again a free man. ...

Brazil Imports 52% More Goods from China

Brazilian imports of Chinese products grew 52.33% during the January-June period, compared with the ...