Brazil | Inflation eased less than expected in April
Published on Friday, May 6, 2016
Brazil | Inflation eased less than expected in April
Summary
Inflation reached 9.28% in April, less than in March (9.39%) but more than expected (BBVA: 9.18%; consensus: 9.18%). The upward surprise reinforces our view that the Selic will not be cut soon. Anyway, inflation should continue to trend down during the remainder of the year, thanks to the weakening of domestic demand and smaller adjustments in regulated prices.
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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