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BRAZIL: Economists Cut 2017 Inflation Forecast To 2.95%, From 2.97%

(Agencia CMA Latam) - The median forecast for Brazil's consumer price inflation in 2017 was cut for the sixth consecutive week, to 2.95%, from 2.97% last week, according to economists surveyed by the central bank. For 2018, the median forecast was cut for the fifth week in a row, to 4.06%, from 4.08% last week.

For the next 12 months, meanwhile, estimates for the annual inflation rose after falling for seven weeks in a row, to 3.97%, from 3.94% last week.

Brazil annual inflation is currently below the central bank's target of 4.5%. The most recent data shows that in August the annual inflation slowed to 2.46%, from 2.71% in July, remaining as the lowest inflation rate for the 12-month period since February 1999.

by Agencia CMA Latam

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