Ipea revises projection for IPCA from 3.5% to 3.7% in 2021

The Institute for Applied Economic Research (Ipea) revised from 3.5% to 3.7% its projection for the Broad Consumer Price Index (IPCA) in 2021. With commodity prices remaining high, Ipea revised its expectation for food prices to rise this year from 3% to 4.4%. The variation of other free goods advanced from 2.7% to 3.0% and administered prices rose from 4% to 4.5%.

Source: Valor Investe