The Central Bank conducts a weekly survey on the market about expectations of various economic indicators, including inflation. In the latest survey, carried out up to the day on November 4, CPI projections (measured by “IPCA” )for 2011, 2012 and 2013 were respectively 6.50%, 5.57% and 4.90%. The chart below shows the recent evolution of inflation forecasts for these years.
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| Source: Central Bank of Brazil |
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