Brasília – The financial market’s projection for inflation in 2021 has moved even further away from the ceiling of the target pursued by the Central Bank (BC). Financial market economists changed the forecast for the IPCA – the official price index – this year, according to the Market Focus Report, from an increase of 7.58% to 8.00%. A month ago, it was at 7.05%. The projection for the index in 2022 went from 3.98% to 4.03%. Four weeks ago it was at 3.90%.

The Focus report also brought the estimate for the IPCA in 2023, which followed at 3.25%. In the case of 2024, the expectation went from 3.00% to 3.03%. Four weeks ago, these forecasts were 3.25% and 3.00%, respectively.

Economists’ projection for inflation remains well above the 2021 target ceiling of 5.25%. The center of the target for the year is 3.75%, with the margin of tolerance being 1.5 points (from 2.25% to 5.25%).

The 2022 target is 3.50%, with a margin of 1.5 points (from 2.00% to 5.00%), while the parameter for 2023 is 3.25% inflation, with a margin of 1. 5 point (from 1.75% to 4.75%).

For 2024, the target is 3.00%, with a margin of 1.5 points (from 1.5% to 4.5%).

BC stopped publishing, in the Focus document, the projections about the Top 5.

These data can be consulted in the Market Expectations System at the following internet address: https://www3.bcb.gov.br/expectativas/publico/consulta/serieestatisticas.

Information by Broadcast.

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