Brazil Inflation Won’t Make the 5.1% Official Target

Forecasts for this year’s inflation have been rising for five straight weeks, increasingly removed from the official target of 5.1% for the Broad Consumer Price Index (IPCA), used as a parameter for government accounts.

According to the survey conducted by the Central Bank last Friday (2), involving a hundred market analysts and financial institutions, the average expectation for this year’s IPCA went up from 5.59%, last week, to 5.63%.

This information is contained in the Focus bulletin, released today. The forecast for November’s inflation was raised from 0.45% to 0.50%. On the other hand, the prediction for December’s IPCA was lowered from 0.37% to 0.36%.

A downward trend is also foreseen for inflation over the next 12 months, with the IPCA projected for this period falling from 4.64% in the previous survey, to 4.56%, closer to the 4.50% target set by the National Monetary Council (CMN) for 2006.

ABr

Tags:

Ads

You May Also Like

Brazil’s Presidential Hopeful Rousseff Goes Back on Platform’s Radical Proposals

Brazil’s opposition presidential candidate José Serra strongly questioned the “radical” positions of also presidential ...

Brazil Just Set a New Record of Energy Consumption

Brazil’s National Electricity System Operator (ONS) reported a new record of consumption this past ...

Brazil’s Lula Has Unsurmountable Lead in Sunday’s Election: 22 Points

Luiz Inácio Lula da Silva heads to this Sunday’s, October 29, presidential runoff in ...

UN Gives Brazil High Marks for Poverty Fight But a D for Justice

The top UN human rights official, during a three-day visit to Brazil that ended ...

After 9% Growth in 2007, Construction in Brazil to Expand 10% This Year

Brazil's civil construction sector grew 9% last year and should grow another 10% this ...

Brazil’s Embraer Delivers the First of 90 Jets Ordered by Air Canada

Brazilian jet maker Embraer celebrates delivery today of the third of 15 Embraer 175 jets ...

Air Force Brigadier Calls Lula and the PT Brazil’s Biggest Gang of Outlaws Ever

For the third time since the beginning of Lula’s campaign for reelection former members ...

Tupi’s Exploration: Brazil’s Attempt to Join Oil’s Big League

Petrobras, Brazil's state-controlled oil and gas multinational, just announced that it has begun refining ...

Ford Fiesta in the US Will Sport Engine Made in Brazil

Sigma engines, manufactured at Brazilian plants, will be used by Ford United States on ...

Made in Brazil being exported

Brazil’s Exports Close to US$ 50 Billion, a 17% Growth

Brazil's trade balance result (exports minus imports) maintained a good level of growth in ...