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IPCA-15 Inflation Data Due, Expected To Dip To 12.03% Y/y

BRAZIL
  • Consumer prices as measured by the IPCA-15 index likely rose 0.68% in June on a monthly basis, according to economists surveyed by Bloomberg, compared to a 0.59% increase in prior reading. National statistics agency IBGE to release report at 1300BST/0800ET:
    • June IBGE Inflation IPCA-15 M/m, est. 0.68%, prior 0.59%
    • June IBGE Inflation IPCA-15 Y/y, est. 12.02%, prior 12.20%
    • Petrobras’s Eligibility Committee holds meeting to assess Caio Paes de Andrade’s nomination as CEO.
    • Rapporteur of bill aimed at reducing fuel prices to speak at virtual press conference.
  • As expected, Brazil’s set at 3% the inflation target for 2025, according to a resolution from National Monetary Council published on Thursday at Central Bank website.
    • Tolerance range remains unchanged at +/- 1.5 percentage points

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