Bulletin Focus market raises inflation projection to 7.31% in year

Second Focus Bulletin released on Monday (15), after prices accelerate in July, revised projections for the end of this year. Economists and financial institutions consulted by the Central Bank also improved forecast for economic activity shrank in 2016. The weekly survey showed the Outlook for inflation increased from 7.20% to 7.31%. For 2017, was maintained at 5.14%, and in 2018, is expected to remain in the center of the goal of the Government, which is 4.5%. The increased projection occurs after the IPCA July speed compared to June, pressed for food. Now, the expectation is that the GDP back up 3.20%, compared to 3.23% projection last week.