Analysts’ projection for inflation showed another drop in 2026, according to data released in the Central Bank’s Focus Report.
The expectation for the Broad National Consumer Price Index (IPCA) – official inflation index – for 2026 fell from 3.95% to 3.91% – the seventh consecutive decline in the report. The projections for 2027 remained at 3.80% and those for 2028 and 2029 remained at 3.50%.
The GDP projection in 2026 increased to 1.82%. That of 2027 remained at 1.80% and that of 2028 and 2029 also had no changes, remaining at 2.00%.
At Selic, the 2026 projection fell, for the first time in the year, to 12.13%. The one for 2027 remains at 10.50%, just as the one for 2028 remains at 10%. And that of 2029 is at 9.50%.
What is the Focus Bulletin?
The Focus Report summarizes statistics calculated considering market expectations collected up to the Friday before its release. The market projections are made by more than 100 financial institutions – the central bank only releases them on Mondays.
The Bulletin presents the graphic evolution and weekly behavior of projections for price indices, exchange rate, Selic rate, among other indicators.
