SÃO PAULO – The median of market economists' estimates for official inflation in 2018 had its fifth consecutive drop from 4.13% to 3.94%, according to the Central Bank (BC) weekly survey.
For the year 2019, the National Consumer Price Index (IPCA) was also revised downwards for the third consecutive week from 4.20% to 4.12%. For the next 12 months, the estimate has fallen from 3.78% to 3.67%.
Among the economists who have reached the most the forecast, the so-called Top 5 in the medium term, the average for official inflation rose from 4.05% to 3.91% in 2018 and from 4.10% to 3.96% in 2019.
The Brazilian Institute of Geography and Statistics (IBGE) published Friday, IPCA-15 in November. Considering a preview of the so-called "full IPCA" of the month, the indicator slowed down to 0.19% in November, from 0.58% a month earlier. This was the lowest result for November 2003.
The economic team raised the projection for this year's IPCA from 4.1% to 4.3%, according to the biannual revenue and expenditure report, published on Thursday by the Ministry of Planning.