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BRAZIL: Economists Raise 12-month Inflation Forecast To 4.00%

By Agencia CMA Latam  ✉   | Published:   | Follow Us On Google News   | Join Us
rttnewslogo20mar2024

(Agencia CMA Latam) - The median forecast for Brazil's consumer price inflation in the next 12 months rose for the fourth consecutive week, to 4.00% from 3.98% a week before, according to economists surveyed by the South American country's central bank.

For 2018, the economists kept the median inflation estimate unchanged at 3.95% for the second consecutive week, while for 2019 the forecast has been at 4.25% for 41 weeks.

The annual inflation rate in Brazil increased to 2.95% in December, ending the year below the bottom of the central bank's target for 2017, which ranged from 3% to 6%.

by Agencia CMA Latam

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