IPCA, the official inflation rate indicator in Brazil, registered 1.26% in June, the highest rate for the month since 1995.
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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%.
