Economy / Brazil
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Macroeconomic Forecast Brazil
October 2008 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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We see growing scope for headline inflation in Brazil to converge with our end-2008 inflation target of 6.0% y-o-y this year, as commodity prices continue to come off their boil, and tighter monetary conditions are starting to pinch consumer demand. Looking at the Fundação Getulio Vargas IGP-M inflation index, price inflation started to retreat from their five-year high of 15.1% y-o-y in July to 12.3% in September.