The IPCA-15, which is considered the “prior to inflation”, accelerated to 1.73% in April. The number is 0.73 percentage points higher than the March number. The result, for the economist and coordinator of the IPC at FGV IBRE, André Braz, was “very close to expectations”, with food and fuel pulling the index.
“From now on, fuel variations will slow down and, along with that, energy will also drop a little, because in the second fortnight the water scarcity flag dropped, these two effects will contribute to the deceleration in inflation from this second fortnight onwards. ”, he said, in an interview with CNN Radio.
He pointed out that the contribution of energy will be half captured in the IPCA in April and the other half in May. “Anyway, they will be important contributions, but they shouldn’t last long, the energy companies’ own revisions in the value of the kilowatt, have neutralized this drop.”
André Braz stated that, in addition to the war in Ukraine, there are other important events that bring inflationary pressures. “Like the advance of Covid-19 in China, with the stoppage of activity due to the lockdown and persistent inflation in the world, especially in the US, which, with an increase in interest rates, devalues our currency.”
The balance of this “is inflation far from the target in 2022, forecast of 7.7% for inflation this year and higher inflation persistence, even next year we may have inflation outside the target.”
Source: CNN Brasil
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