Brazil: Government raises inflation forecast for 2022 from 6.6% to 7.9%

The projection for inflation is above the one expected by the financial market. High food prices and administered prices weighed on the projection.

RIO DE JANEIRO, BRAZIL - The Ministry of Economy raised from 6.6% to 7.9% the projection for inflation this year, driven by higher food prices and administered prices, such as energy. The agency maintained the projection for the economy's growth of 1.5%.

The data were released on May 19 in the MacroFiscal Bulletin, prepared by the Economic Policy Secretariat of the Ministry of Economy.

The projection for inflation is above the one expected by . . .

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