Estimate for inflation in 2009 remains at 4.3%
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The projection of the financial market for the Index of Consumer Price Index (IPCA) this year was maintained at 4.3%. The information is the Focus bulletin, the weekly publication issued by the Central Bank, based on projections of market analysts for major economic indicators.
Four weeks ago, the estimate for the official index was 4.26%. For next year, the projection has increased from 4.30% to 4.32%.
The inflation target for 2009 and 2010 is 4.5%, with allowance of two percentage points more or less, that is, the lower limit is 2.5% and higher is 6.5%. Estimates for the IPCA this year and next are below the central target.
The projection for the General Price Index - Internal Availability (IGP-DI) rose from 2.05% to 2.01% this year. For the General Index of Market Prices (IGP-M) increased from 1.99% to 2.07%. In the Sao Paulo market, the Index of Consumer Price Foundation Institute of Economic Research (IPC-) should be in 4.33% from 4.35% forecast in the previous week. Estimates for the three indexes in 2010 remain at 4.5%.
The estimate for administered prices in 2009 was changed from 4.45% to 4.4%. For 2010, the estimate was kept at 4%. Prices given relate to the amounts charged for services prices (fuel, electricity, telephone, medicines, water, education, sanitation, transport and other urban collective).
The estimate of analysts for the basic interest rate, the Selic, remains at 9.25% at the end of this year and 9.5% in 2010. The Selic is used as a tool to control inflation by the Central Bank. In the last 29 days, the Policy Committee (Copom) of the Central Bank decided to reduce the basic interest rate of 11.25% to 10.25% per annum.
Source: Agência Brazil
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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