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MNI BRIEF:Inflation Expectations Worsen Despite Price Drop-BCB

(MNI) BRASILIA

Brazil's Central Bank Quarterly Report for the second quarter of 2024 was released Thursday.

Brazil's consumer price inflation has decreased, but economic analysts' inflation expectations have deteriorated, which is a point of concern, the Central Bank Quarterly Report for the second quarter of 2024 showed Thursday.

"Since the previous report, consumer price inflation has decreased, but economic analysts' inflation expectations have deteriorated," the document said. "The further unanchoring of inflation expectations for 2025 and 2026, which were already above the inflation target for the period, is a point of concern," added.

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Brazil's consumer price inflation has decreased, but economic analysts' inflation expectations have deteriorated, which is a point of concern, the Central Bank Quarterly Report for the second quarter of 2024 showed Thursday.

"Since the previous report, consumer price inflation has decreased, but economic analysts' inflation expectations have deteriorated," the document said. "The further unanchoring of inflation expectations for 2025 and 2026, which were already above the inflation target for the period, is a point of concern," added.

Keep reading...Show less