Skip to content
Subscriber Only

Brazil Analysts Lower 2016 CPI Forecast for First Time Since May

Brazil analysts reduced their forecasts for 2016 inflation for the first time in seven weeks as the central bank continues to raise borrowing costs.

Analysts changed their forecast for consumer price increases next year to 5.45 percent percent from 5.5 percent the prior week, according to the July 3 central bank survey of about 100 analysts published Monday. They also increased their 2015 inflation prediction to 9.04 percent, about double the target.