The median forecast for Brazil’s consumer price inflation in the next 12 months decreased to 4.02%, from 4.04% a week before, according to economists surveyed by the central bank.
For 2017, the median inflation estimate remained unchanged at 3.09%, while for 2018 the forecast fell from 4.04% to 4.03%.
Brazil annual inflation is currently at the bottom of the central bank’s target, which ranges from 2.5% to 6.5% per year. The most recent data showed that in October the annual inflation accelerated to 2.70%, from 2.54% in September.
The material has been provided by InstaForex Company – www.instaforex.com