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Brazil reduces to 5.85% official inflation forecast for 2022

Brazil's Ministry of Economy reduced the estimate of this year's inflation rate from 6.30 to 5.85 percent due to the fall in the price of a barrel of oil in the international market and the reduction of federal and state taxes, according to forecasts released today, Thursday.

The Gross Domestic Product (GDP) growth estimate remained at 2.7 percent, according to the forecasts published in the MacroFiscal Bulletin prepared by the Secretariat of Economic Policy.

The growth expectation for 2023 was reduced from 2.50 to 2.10 percent, while that of inflation for that year . . .

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