• Categories
  • Archives

Brazil’s Financial Market Expecting Inflation Below 5% in 2006

The first "Focus Bulletin" of the year, released today by Brazil’s Central Bank (BC), indicates that Brazilian financial analysts expect a Broad Consumer Price Index (IPCA) of 5.68%, for 2005.

The official number will be released next Monday, January 13, by the Brazilian Institute of Geography and Statistics (IBGE).

According to consultants, last year’s inflation was above the 5.1% goal. For this year, the bulletin foresees that the 4.50% inflation goal will be attained, in spite of the increased forecast (from 4.5% to 4.6%) for adjustments in administered prices (fuel, electricity, phone, education, water, etc.), in comparison to the previous bulletin.

The projection for the Consumer Price Index, measured by the Institute of Economic Research Foundation (IPC-FIPE), also went up, from 4.5 to 4.55%, in the city of São Paulo.

According to the economists consulted by the BC, December inflation was 0.35%, but prices tend to slightly rise to 0.40%. They also predict an increase in wholesale prices during 2006.



  • 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Your email address will not be published.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.


You May Also Like

Global Warming to Be Monitored by Brazil Amazon’s Giant Tower

Construction has begun on a giant observation tower in the heart of the Amazon ...

Iran Tells Brazil It Has Close to US$ 4 Trillion and Is Looking for Deals

Teheran wants to expand its economic relations with Brazil. This according to Iranian ambassador ...

Brazil’s Petrobras Grows 70% and Zooms to 8th Place Among World’s Oil Companies

In a press release, Brazilian state-owned oil company Petrobras informed that its market value ...

New President of Brazil’s PTB Party Is No Politician

Deputy Roberto Jefferson’s decision to resign the presidency of the Brazilian Labor Party (PTB) ...

Four Brazilian Cardinals Will Vote for New Pope

Of the four Brazilian cardinals eligible to vote in the college which will choose ...

Morocco Becomes Brazil’s Main Sardine Supplier

Morocco is taking over the Venezuelan position as a supplier of sardines to Brazil. ...

Cornered, Brazil’s House Speaker Goes on the Attack

In a news conference Sunday, September 11, Brazil’s Speaker of the House (president of ...

In Brazil, the Sarneys Are Synonym with Mismanagement and Corruption

When back in September 2003, the Getúlio Vargas Foundation shocked Brazil by placing Maranhão ...