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Survey: Brazil’s 2020 Inflation Outlook Rises to 3 Percent, Spiked by Food Prices

RIO DE JANEIRO, BRAZIL - Brazil's 2020 inflation outlook rose to 3 percent, a central bank survey showed on Monday, the 11th week in a row it has risen as a recent spike in food prices continues to intensify short-term inflation pressures.

It is the first time since March that the central bank's regular 'FOCUS' survey of around 100 economists has pegged inflation this year at 3 percent, although that remains well below the bank's official 2020 goal of 4 percent.

The survey also showed that this trend could force the central bank to tighten policy more . . .

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