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Wednesday, May 25, 2022
HomeLatest NewsFuncas raises average annual inflation forecast to 7% for this year

Funcas raises average annual inflation forecast to 7% for this year

The Savings Banks Fund (Funcas) has revised down its average CPI forecast for this year by two tenths, to 7%, as core inflation rises above expectations. According to his new calculations, the central scenario with oil near $105 points to average annual CPI this year will be 7% and the annual rate for December is 4.8%.

For its part, Funcas believes that the average annual rate for the underlying asset could be 4.6%, which this is 1.1 points more than expected. In 2023, the average annual headline CPI is expected to be 3.1% and core inflation to be 3.6%.

According to Funcas, April data released this Friday by the National Institute of Statistics (INE). show “intensification” of transmission from higher production costs to final prices. Thus, in April, the number of CPI subclasses with an inflation rate above 4% was 106 compared to 94 in the previous month and 14 in April 2021, he warns.

The National Institute of Statistics (INE) published this Friday the final figures for the consumer price index (CPI) for April, which finally amounted to one tenth higher than the preliminary data, by 8.3%. Thus, it is confirmed that April breaks the uptrend that has characterized the annual rate since February 2021, when it began to grow. The decline in electricity and fuel prices contrasts with the rise in gas and heating fuel prices.


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