“Brazilian economists raised their forecast for inflation this year for the tenth consecutive week, as food costs pressure consumer prices further beyond the government’s target.
Consumer prices will rise 5.58 percent this year and 5.15 percent in 2011, up from forecasts of 5.48 percent and 5.05 percent, respectively, according to the median forecast in a Nov. 19 central bank survey of about 100 economists published today. The bank targets inflation of 4.5 percent plus or minus two percentage points.” Read more.
“Brazil Economists See Faster Inflation in 2010, 2011”
Bloomberg Businessweek, November 22, 2010.
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