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BRAZIL GOVERNMENT NOW EXPECTS 2026 INFLATION TO BE ABOVE CENTRAL BANK'S TARGET

  • NEWS Desk Global
  • 4 hours ago
  • 1 min read

Brazil's government raised its inflation forecast for this year to 5.1% on Wednesday ​from 4.5% projected in May, putting consumer prices ‌above the central bank's target of 3%, with a tolerance band of 1.5 percentage points in either direction.

The Economic Policy Secretariat at the ​Finance Ministry, which produces the government's official forecasts, said ​supply-side pressures continued to weigh on food prices, noting ⁠that fresh products such as milk, rice and beans posted ​increases above their historical patterns.

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