Financial institutions polled by the Brazilian Central Bank expect inflation to be 3.20% this year in Brazil, down from last week’s 3.22% estimate.
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The rate is the lowest for the month since the implementation of Plano Real in 1994.
Financial institutions have reduced their estimate for the National Extended Consumer Price Index (IPCA) from last week’s 3.58% to 3.56%.
The forecast regarding the National Extended Consumer Price Index slid from 3.60% to 3.58% as per the Central Bank’s poll with financial institutions.
The Extended National Consumer Price Index (IPCA) changed by 4.31%, above the Central Bank’s goal of 4.25%, but within its tolerance margin.
Brazilian financial institutions expect prices to have gone up 3.33% by the end of this year in Brazil, up from last week’s 3.31% forecast.
IPCA, official measure of inflation, slid by 0.04% last month
Last month saw lower price raises than July, IBGE reported.
Financial institutions estimate that Selic will slid from 6% to 5% by the end of the year.
Brazilian financial institutions see the economy growing by 0.82% in 2019, down from last week’s 0.85% estimate.