Focus Report: Expected inflation for 2025 stops falling and settles at 4.55%

Market projections for inflation (IPCA) this year halted six consecutive weeks of decline and remained stable at 4.55%, as reported in the Focus Report released on Monday (10) by the Central Bank. Meanwhile, the forecast for the dollar stood at R$ 5.41. The Gross Domestic Product (GDP) projection remained at 2.16%. At the same time, the forecast for the basic interest rate for this year remained at 15% for the twentieth consecutive week. Inflation projections for 2026 settled at 4.20%, while for 2027, the estimate remained at 3.80%. The estimate for 2028 remained at 3.50%. As for the IGP-M, the projections for 2025 changed from -0.20% to -0.22%, and the estimate for 2026 stood at 4.08%. For 2027, the inflation projection remained at 4%, while for 2028, it was at 3.86%. Expectations for the variation of administered prices within the IPCA in 2025 rose from 4.95% to 4.97%. Projections for 2026 declined from 3.87% to 3.86%. For 2027, the estimate dropped from 3.85% to 3.80%, and for 2028, it fell from 3.63% to 3.60%.