IPCA to 7.59% for 2016 fell 7.46%, points Focus report

The financial market did, last week a review motion down inflation expectations. The median of projections for the IPCA of 2016 had a fall in Market Focus report released on the morning of Monday, 14, by the Central Bank. Now, the rate is at 7.46%, up from 7.59% from last week and 7.61 percent four weeks ago.
The Central Bank is already reporting that will focus, not 2016, but in 2017 in the task of bringing inflation into the center of the goal. In the case of the next year, the median remained in 6.00%, same level registered four editions of the document.
In the Top 5 of 2016, the central point of the research was in 7.69%, compared with 7.95% from last week. Four weeks ago, that average was at 8.13 percent. For 2017, the Group of analysts who tend to get more estimates held the prospect for the IPCA to 6.50%. Four edits after the Focus bulletin, was at 6.40 percent.
In the Quarterly inflation Report (RTI) released last December, the estimate of BC for the IPCA of 2016 was 6.2% in the reference scenario.
For the short-term, the inflation estimate for March had a slight decrease, from 0.55% to 0.54% from one week to another, compared with 0.58% rate recorded a month ago. In the case of April, the rate stood at 0.65%, same value last week. Four weeks ago I was at 0.66%.
Already expectations for inflation softened 12 months ahead fell from 6.70% to 6.61%-four editions ago were at 6.81 percent.
Administered prices
Financial market projections to 2016 administered prices are stable. According to the Focus Report, the median expectations for this year was maintained at 7.40 percent this week, even value of the previous document. Was at 7.70 percent four weeks ago.
For 2017, the median of estimates for prices administered also remained stable, estimated at 5.50% on this last week and last month. The values have been maintained, although the Central Bank is counting on a strong deceleration of prices monitored by the Government to leave the IPCA below the ceiling target in 2016.
In his last act of monetary policy Committee (Copom), the Central Bank revised down its projection for this year and administered prices maintained expectations for 2017. In the minutes released last week, the Copom changed the forecast of a rise of 6.3% to a high of 5.9% this year. For 2017, the expectation is of a high of 5.0%.
To reach this new variation for this year, the Central Bank considered chance 9.9% variation in the rates of bus, in addition to a 3.5% decline in electricity prices (the last ata had a high of 3.7% in energy).