BRAZIL: Economists Raise 2017 Inflation Forecast To 3.06% From 3.00%

(RTTNews) - The median forecast for Brazil's consumer price inflation in 2017 was raised for the third consecutive week, to 3.06% from 3.00% seven days ago, according to economists surveyed by the central bank.

For 2018, the median forecast was kept unchanged at 4.02% for the second week in a row. For the next 12 months, meanwhile, estimates for the annual inflation was raised to, 4.01%, from 4.00%.

Brazil annual inflation is currently at the bottom of the central bank's target range, between 2.50% and 6.50% per year. The most recent data shows that in September the annual inflation accelerated to 2.54%, from 2.46% in August.