Brazil | Inflation at 10%? Almost there
Published on Friday, November 6, 2015 | Updated on Friday, November 6, 2015
Brazil | Inflation at 10%? Almost there
Summary
Inflation reached 9.93% YoY / 0.82% MoM in October, higher than in September and well-above our forecast. The adjustment in administered-prices (mainly fuel prices in October) and pressure from food prices continue being the main drivers of inflation. We revise our forecasts upward and now expect inflation to break the 10% level in November and close the year at 9.9%.
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- Inflation
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Documents and files
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