November 22, 2010 Reading Time: < 1 minute

“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”
Iuri Dantas
Bloomberg Businessweek, November 22, 2010.

Image by jscreationzs /

Tom Duncan

Get notified of new articles from Tom Duncan and AIER.

Related Articles – Central Banking, Economic Growth, Inflation, International, Monetary Policy, Sound Money Project