The deceleration of inflation, which was 0.54% in January compared to 0.73% in the previous month, should not be a trend in the coming months. This is the assessment of FGV IBRE economist Rodolfo Tobler.
The rate was measured by the IPCA and released by the Brazilian Institute of Geography and Statistics (IBGE) this Wednesday (9).
In an interview with CNN Radio, he said that “we cannot yet say that we have reached the peak of inflation” and that the most negative result could come in February and March.
The economist highlighted that the IPCA was characterized by “spreading inflation”.
“There was a rise in almost all groups, only fuels, there was even deflation, but remember that there was a downward adjustment of Petrobras in January, which has already gone up again”, he said.
Another relevant factor, according to Rodolfo, was the food sector. “The rise in food prices affects the daily lives of families on a daily basis, they are supermarket purchases and put pressure on families’ budgets.”
At this moment, Rodolfo reinforces that it is a “delicate moment” for the economy: “High inflation, economic activity slowing, fragile data from the industry. There are projections that already put the interest rate above 12%.”
“The trend is for interest rates to continue on the rise, and, therefore, credit will be complicated, because it should increase the cost”, he added.
The challenges for 2022, for Tobler, are even greater when, in addition to economic markers, the uncertainties with the pandemic and elections are taken into account.
“It will take caution to face this year.”
Source: CNN Brasil
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