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JPMorgan Now See 2022 CPI At 7.4% After Petrobras Action

BRAZIL
  • JPMorgan analysts have revised their estimates for inflation in Brazil to 7.4% by December from 7.6% due to gasoline price cuts. (BBG)
    • Petrobras cuts on wholesale gasoline prices have an estimated impact of about 20bp on short-term forecasts, particularly concentrated in August according to analysts.

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