Brazil has the third-highest inflation rate among major economies, OECD shows | Economie

Here, inflation is measured by the broad national consumer price index (IPCA) Link 11.3% in the 12 months to March. It’s been seven straight months with double-digit annual inflation.

• Inflation is widespread and affects 8 out of 10 items surveyed by IBGE
• In 5 years, the riyal lost 30% of its purchasing power

In the group of countries in Organization for Economic Cooperation and Developmentwhich includes all advanced economies and some emerging economies, the 12-month inflation rate was 8.8% in March, compared to 7.8% in February – the highest level since October 1988. In the G20, the rate was 7.9%.compared to 6.8% in the previous month. And in the Group of Seven, it rose to 7.1%, coming from 6.3%.

According to the report, about one-fifth of the 38 members Organization for Economic Cooperation and Development Inflation was in double digits in March, and was highest in turkey (61.1%). The only other OECD countries (but not among the largest economies) with an annual rate of more than 10% are Lithuania (15.7%), Estonia (15.2%), the Czech Republic (12.7%), Latvia (11.5%), Poland (11%) ) and Slovakia (10.4%).

The Organization for Economic Cooperation and Development He highlighted the strong pressure on energy prices, as their inflation jumped 33.7% in 12 months, the highest increase since May 1980. Excluding food and energy, the inflation rate for the group of countries was 5.9%.

Does inflation give a truce?

In an effort to rein in inflation, countries have accelerated and intensified Raise basic interest rates.

In Brazil, the financial market expectation, in a survey conducted last week by British Columbia with more than 100 banks, was that the exchange rate would end in 2022 at a level of 13.25% annually.

• Brazil resumes its leadership in the global real interest rate arrangement

The official inflation result for April will be published by IBGE in the xi. Because of high fuel prices, Inflation survey recorded the highest rise since 1995At a 12-month rate, it is up to 12%.

Report for g 1 showed that inflation, in addition to rising, is also more prevalent, Affect 8 out of 10 items scanned by IBGE. The diffusion index jumped to 78.7%, the highest level recorded for April and the highest level since February 2003, indicating that inflation should remain under pressure over the next few months.

The The current forecast of the financial market is an inflation of 7.89% in 2022. However, since last year, analysts are already predicting that IPCA It will close for the second year in a row above the government’s target ceiling, which had been set at 3.5% for 2022.