The forecast of the financial market for the Extended National Consumer Price Index (IPCA) went from 5.17% to 5.10% this year. It is the eighth reduction followed in the estimate published in the Focus Bulletin this Monday (21).
For 2026, the projection of inflation was reduced from 4.5% to 4.45%. For 2027 and 2028, predictions are 4% and 3.8%, respectively.
The estimate for 2025 is above the ceiling of the inflation target that must be pursued by the Central Bank. Defined by the National Monetary Council (CMN), the goal is 3%, with a tolerance interval of 1.5 percentage up or down. That is, the lower limit is 1.5 and the upper 4.5%.
In June, even pressured by electricity, official inflation closed by 0.24%, marked by the first drop in food price after nine months.
The survey is released in Brasilia, weekly by the Central Bank, with the expectation of financial institutions for the main economic indicators.
