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Analysts Forecast Inflation Near Ten Percent in Brazil in 2015

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Financial analysts have increased once again inflation forecasts for this year and next. According to the latest Focus Survey, released by the Central Bank, Brazil’s IPCA (Consumer Price Index) will close 2015 at 9.99 percent this year and 6.47 percent at the end of 2016.

This is the eight consecutive time analysts have increased their forecast for 2015 and the fourteenth consecutive week the 2016 forecast has gone up. Next year’s forecast puts inflation very near to breaking through the government’s IPCA target ceiling of . . .

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