Brazil’s inflation rate likely remained around 9 percent in the 12 months through mid-August, far above the official target but probably still on track to ease in coming months as the recession grinds on, economists said in a poll on Monday.
Consumer prices, as measured by the IPCA-15 index BRIPCA=ECI, probably rose 8.97 percent in the 12 months through mid-August, nearly unchanged from the 8.93 percent seen in mid-July, according to the median of 19 forecasts.
On a monthly comparison, prices probably rose 0.47 percent, down from an increase of 0.54 percent in mid-July, according to the median of 20 estimates for the indicator due on Wednesday.
The official inflation target is 4.5 percent, a goal not achieved since August 2010 as government spending soared under the administration of suspended President Dilma Rousseff.
Leave a Reply