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BRAZIL: Economists Raise 2017 Inflation Forecast Again, To 3.40%

The median forecast for Brazil’s consumer price inflation in 2017 rose for the second week in a row, to 3.40%, from 3.33% last week, according to economists surveyed by the central bank. For 2018, the median forecast remained at 4.20% for the second consecutive week.

For the next 12 months, estimates for the annual inflation increased to 4.52%, from 4.40% last week.

Brazil annual inflation is currently below the central bank’s target of 4.5%. The most recent data shows that in June the annual inflation slowed to 3.00%, from 3.60% in May. It was the lowest inflation rate for the 12-month period since April 2007.

The material has been provided by InstaForex Company – www.instaforex.com

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