Stênio Ribeiro
Reporter - Agência Brasil

Brasília - This year's Broad Consumer Price Index (IPCA) is expected to register an inflation rate of 4.32%, according to the Focus bulletin released yesterday (15) by the Central Bank (BC).

The bulletin contains the results of a poll conducted last Friday (12) with a hundred market analysts and representatives of financial institutions to ascertain the tendencies of the major economic indicators.

Expectations regarding inflation have been falling for seven weeks, and the private sector economists are betting that this year's inflation rate will be lower than the 4.50% target set by the National Monetary Council (CMN).

They believe that this month's inflation will amount to around 0.23% and will increase to 0.25% in June. Their projection for the IPCA in the next 12 months rose from 4.15% to 4.18%.

Translation: David Silberstein