Analyst projections for inflation of 2025, 2026 and 2027 fell, according to data released in the Central Bank Focus report. The expectation for official inflation of 2025 fell to 4.85%. The 2026 also dropped and went to 4.31%. The projection of the IPCA 2027 fell to 3.94%. And 2028 continued at 3.80%.
Since the adoption of the continuous goal system at the beginning of 2025, the goal is to maintain inflation by 3%, with a variation between 1.5% and 4.5% being considered within the goal.
With the measure above the goals system for six consecutive months until June, the president of the Central Bank, Gabriel Galipolo, sent a public letter to the Minister of Finance, Fernando Haddad, explaining that Brazilian inflation exceeded the limit of 4.5% in the accumulated of 12 months, due to heated economic activity, in addition to the currency variation and the cost of electricity.
The 2025 Gross Domestic Product (GDP) projection was high and went to 2.19%. The 2026 rose to 1.87% and from 2027 to 1.89%. Already the 2028 continued at 2.00%. GDP is the sum of all goods and services produced in the country and is used to measure the performance of the economy.
At Selic, projections also remained the same. 2025 with 15%. 2026 with 12.50%. 2027 continues at 10.50%. And 2028 remained at 10%.
