Inflation entered the inflation target range in March this year when the IPCA pointed to an annualized variation of 4.65% in prices.
The IBGE (Brazilian Institute of Geography and Statistics) announced last Friday (12) that the IPCA reached 4.18% in April in the accumulated over 12 months.
According to XP, inflation will also be within the target range in May and June.
The inflation target is defined by the CMN, which has two members from the government and one from the Central Bank.
This year's target is 3.25%, with a tolerance interval of 1.5 percentage . . .
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