Brazil’s Getúlio Vargas Foundation forecasts 0.3% rise in January’s IPCA-15

The result will be influenced by the lack of rain and the crisis in harvests, according to economist André Braz.

RIO DE JANEIRO, BRAZIL - A projection made by the Getúlio Vargas Foundation (FGV) on Tuesday, January 25, shows that the IPCA-15 (Extended National Consumer Price Index-15), considered the inflation forecast, should rise by 0.3% in January over December 2021.

The official indicator will be released this Wednesday, January 26, by the Brazilian Institute of Geography and Statistics (IBGE).

FGV's economist André Braz said that positive inflation is expected for the coming months. He explained that the indicator will be pressured by electricity and crops damaged by the lack of rain.

"The south of Brazil is . . .

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