That’s the forecast made by financial institutions in Brazil for the Extended National Consumer Price Index (IPCA) in 2018. Last week, their estimate stood at 4.43%. It’s the sixth straight time that banks revise up their forecast.
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The Extended National Consumer Price Index (IPCA) went up after a deflation in August, according to statistics institute IBGE. Transportation had the biggest impact in the rate.
The Extended National Consumer Price Index (IPCA) dropped 0.09% last month.
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).
