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Annual Inflation Set To Decelerate, Remaining In Double Digits

BRAZIL
  • In Brazil, consumer prices as measured by the IPCA-15 index likely rose 0.81% in December on a monthly basis, compared to a 1.17% increase in the previous reading. A slight respite in the mid-December print will still leave annual inflation running at double-digits.
  • Retail prices for fuel -- which soared throughout the year -- finally lost steam, which may ease the pressure from transportation costs.
    • 1200GMT/0700ET: Dec. IBGE Inflation IPCA-15 YoY, est. 10.46%, prior 10.73%
    • 1200GMT/0700ET: Dec. IBGE Inflation IPCA-15 MoM, est. 0.81%, prior 1.17%

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