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BRAZIL: Economists Trim 12-month Inflation Forecast To 4.39%

(Agencia CMA Latam) - The median forecast for Brazil's consumer price inflation in the next 12 months fell again after three consecutive decreases, to 4.39% from 4.49% a week before, according to economists surveyed by the South American country's central bank.

For 2018, the economists increased their inflation forecast for the fifth week, from 3.82% to 3.88%. For 2019, the forecast rose to 4.10%, from 4.07%.

The annual inflation rate in Brazil accelerated to 2.86% in May, from 2.76% in April, but remained below the bottom of the central bank's target, which ranges from 3% to 6%.

by Agencia CMA Latam

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