Financial institutions predicted a 1.40% growth for the Brazilian economy this year, below last week’s forecast.
Browsing: inflação
The Extended National Consumer Price Index (IPCA) dropped 0.09% last month.
In a survey by the Brazilian Central Bank (BC), financial institutions revised down their forecast for the expansion of the Brazilian economy in 2018, from 1.47% to 1.44%.
Brazil’s weekly consumer price index climbed 0.19% in the seven days through August 15, down from 0.20% the previous week.
A poll of financial institutions by the Brazilian Central Bank shows inflation at an expected 4.15% in 2018, up from 4.11% last week.
Last month, the increase in prices reached 0.33%, below the 1.26% registered in June.
The expectation from financial institutions regarding the 2018 Extended Consumer Price Index (IPCA) remains the same as last week’s.
Year-to-date, the IPCA-15 stands at 3% per year, while year-over-year it registered 4.53%, according to the Brazilian Institute of Geography and Statistics (IBGE).
IPCA, the official inflation rate indicator in Brazil, registered 1.26% in June, the highest rate for the month since 1995.
A Brazilian Central Bank poll shows financial market players are expecting inflation this year to be higher than in the last week.
The economic expansion estimate from financial institutions polled by the Brazilian Central Bank has moved down for the eighth straight week, this time to 1.55%.
Financial institutions polled by the Brazilian Central Bank expect the Brazilian economy to grow 1.76% in 2018. Last week’s forecast called for a 1.94% forecast.
Brazilian financial market players expect the economy to see 2.37% growth this year, down from a prior estimate of 2.50%.
