Ipea revises projection for official inflation from 4.6% to 5.3% in 2021

The Institute for Applied Economic Research (Ipea) has revised its forecast for IPCA (Amplified Consumer Price Index) inflation in 2021, increasing from 4.6% to 5.3%. The index is calculated by the IBGE (Brazilian Institute of Geography and Statistics) and used as a reference for the inflation target system pursued by the Central Bank.

Source: UOL Economia