RIO DE JANEIRO, BRAZIL - Market expectations for consumer inflation this year already exceed 8.5%, according to the Focus Bulletin released by the Central Bank on Monday.
The weekly survey pointed out that the expectation for the IPCA high is now 8.51%, against 8.45% in the previous week, in the 26th consecutive elevation of the projection.
The result, if confirmed, shoots well above the inflation target for this year, of 3.75%, with a tolerance margin of 1.5 percentage points more or less.
The projection for 2022 has also increased and is at 4.14%, from 4 . . .
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