BRAZIL: Economists decrease 2019 inflation forecast to 3.87%

São Paulo, 11 - The median forecast for Brazil's consumer price inflation in the next 12 months was increased to 4.00%, from 3.99% in the previous week, according to economists surveyed by...

São Paulo, 11 - The median forecast for Brazil's consumer price inflation in the next 12 months was increased to 4.00%, from 3.99% in the previous week, according to economists surveyed by the South American country's central bank. For 2019, the economists have decreased their inflation forecast for the fourth week, to 3.87%, from 3.94% in the previous survey. For 2020 annual inflation is estimated at 4.00% for 84 weeks, while for 2021, the annual inflation estimate was kept at 3.75% for 9 weeks. Meanwhile, the inflation forecast for 2022 is at 3.75% for 29 weeks. The annual inflation rate in Brazil accelerated to 3.78% in January 2019, from 3.75% in December 2018. As a result, consumer price inflation starts 2019 remaining below the 4.5% target. Olívia Bulla / Agência CMA Translation by Ricardo Gozzi http://www.agenciacma.com.br/esp/



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BRAZIL: Economists decrease 2019 inflation forecast to 3.87%

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