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Economic indicators

Consumers expect inflation of 11.1% in 12 months from March, says FGV

03/28/2016

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 

 

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 The median expected inflation by consumers in the next 12 months was 11.1% in March, said on Monday the Getulio Vargas Foundation (FGV), which released the Expectations Indicator Consumer Inflationary. The result is less than the given percentage point on February 0.3 (11.4%).

The fall in the indicator from February to March interrupted a sequence of 13 months of consecutive increases. Despite the improvement, the level of inflation projected by consumers is still the third largest since 2005, said the FGV.

"Despite the slight slowdown in consumer inflation expectations, the level remains high in historical terms, around 11%. The projections made by consumers may have been influenced by observing the current inflation developments, with deceleration high in Housing group items, the price of gasoline and fixed telephony and internet services, associated with a possible slowdown in administered prices in 2016, "he said in a statement economist Viviane Seda Bittencourt, the Brazilian Institute of Economics of FGV (Ibre / FGV).

The Inflationary Expectations Indicator Consumer is obtained based on information collected under the Consumer Survey. Produced since September 2005, data were being disclosed on an ancillary basis to the analysis of the evolution of consumer confidence. Since May 2014, however, the information began to be announced separately.

The Consumer Survey of FGV monthly collects information from more than 2,100 Brazilians in seven major cities of the country. About 75% of respondents answer to the questions related to inflation expectations

 

Source: State of Minas

To access the site Estado de Minas, click here.

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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