Brazil Analysts Raise Inflation Forecast to 5.22%
Analysts in the Brazilian central bank Focus survey raised their inflation forecast for this year to 5.22%, above the 4.5% ceiling of the official target. The post Brazil Analysts Raise Inflation Forecast to 5.22% appeared first on The Rio Times .
Brazil’s central bank survey of private forecasters has raised its inflation projection for the year to 5.22%, up from 5.01%. The latest forecast, released on Tuesday, surpasses the official inflation target of 4.5% by 0.72 percentage points. The weekly Focus survey, which polled 144 analysts over the past 30 days, shows a consistent upward trend, with the forecast for 2026 inflation reaching 5.22%, up from 4.90% four weeks ago.
The 2027, 2028, and 2029 projections remain relatively unchanged, at 4.30%, 3.79%, and 3.50%, respectively. The survey’s median for administered prices, which include fuel, electricity, and public transport fares, is forecast to rise by 4.89% this year, up from 4.61%. The Selic interest rate, Brazil’s benchmark rate, is expected to fall to 13.25% by year-end, down from 13.50%.
Analysts anticipate the real to weaken slightly to 5.15 reais per US dollar by year-end, slightly weaker than the current official rate of 5.0096.
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