Brazil's Finance Ministry to raise 2026 inflation forecast due to strong El Niño impact, says secretary
By
Bernardo Caram
Summary
The Brazilian Ministry of Finance is expected to raise its official inflation projection for 2026 from the current 4.5%, due to the strong impact of the El Niño climate phenomenon and other factors. Secretary of Economic Policy Débora Freire stated that El Niño is coming stronger than anticipated, which should slow the expected cooling of inflation in the second half of this year. The official estimate is expected to exceed the 4.5% ceiling but remain below the market's projection of 5.33%.
Source
bskyBrazil's Finance Ministry to raise 2026 inflation forecast due to strong El Niño impact, says secretarywww1.folha.uol.com.brKey quotes
· 3 pulledO Ministério da Fazenda deve revisar para cima sua projeção oficial para a inflação em 2026 por ver um viés de alta em relação à estimativa feita em maio, de 4,5%, diante do fenômeno climático El Niño e outros fatores
A gente já esperava um El Niño ma...
O governo tem hoje mais clareza de que o El Niño 'vem forte', o que deve minimizar o arrefecimento da inflação que era esperado para o segundo semestre deste ano
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