Clipping of news on Brazilian Culture, Law and Citizenship
11/04/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Kelly Oliveira
Brazil Agency reporter
Brasilia - The inflation this year should be slightly above the result of 2012 , when it was 5.84 % . By projecting financial institutions consulted by the Central Bank ( BC ) , the National Index of Consumer Price Index (IPCA ) is expected to reach 5.85% in 2013 . The forecast released on Monday last was 5.83 % . For 2014 , inflation should be even higher : 5.92 % , the same as the previous projection .
The projections are distant from the center of the inflation target of 4.5 % , and below the upper limit of 6.5 % . The role of the BC cause inflation converges to the target center .
One of the instruments used by BC to influence economic activity and, consequently , inflation is the benchmark interest rate , the Selic . For financial institutions , at the end of this year , this rate will be 10 % per year. Ie , the last meeting of the year the Monetary Policy Committee ( Monetary Policy Committee ) on the 26th and 27th of this month , should be kept the pace of increase of 0.5 percentage point . Currently , the Selic rate is 9.5% per year.
This year , the Selic was held between January and March and raised by 0.25 percentage point in April and 0.5 percent in May , July, August and October . The Monetary Policy Committee meets eight times a year .
The BC survey also brings the median expectation for inflation measured by the Consumer Price Index of the Institute of Economic Research ( IPC- Fipe ) , which follows in 5.04% this year and 5.2% in 2014 .
The projection for the General Price Index - Internal Availability ( IGP - DI ) was changed from 5.81 % to 5.79 % this year , and maintained at 6 % in 2014 . For the General Price Index (IGP -M ) , the estimate was adjusted from 5.78 % to 5.79 % in 2013 , and follows in 5.98 % next year .
The estimate for administered prices was changed from 1.7 % to 1.6% this year , and reduced from 3.85 % to 3.75 % in 2014 . Administered prices are those charged for services monitored , such as fuel, electricity, telephone , medicines , water and urban public transport .
Edition : Talita Cavalcante
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Source : Agencia Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.