Brazilian inflation has fallen below the 4.5% government-set target for the first time since 2010, the Brazilian Census Bureau (IBGE) said Thursday. The bureau’s mid-April inflation survey showed a 12-month rate of 4.41%, down from 4.73% as of the mid-March survey. Brazil’s calendar 2017 inflation target is 4.5%, and inflation was last under that level in 2010. Inflation has been tamed by a number of factors, including high interest rates, a record grain and oilseeds crop and stable fuel costs. Economists are predicting a 4.0% year-end inflation. Many are suggesting an alteration in the government’s inflation targeting program, with a new inflation target of 4.0% or even lower.
Link to IBGE releaseMore Testimonials