HALISTER1: Brazil’s Inflation Dynamics Still Very Favorable: Haitong

Brazil’s Inflation Dynamics Still Very Favorable: Haitong

(Bloomberg) -- Return of food inflation seems to be happening at a slower pace than the market expected, Haitong economist Flavio Serrano said in an interview.
  • Haitong expected a food deflation of -0.07%; IBGE data showed a drop of 0.34%
  • Pressure on electric power prices will increase at the end of the month and the impact of the red flag will start in November
  • Even with the slow return of food inflation and higher electric power prices, "level of CPI should remain next to 0.30% throughout 2018"
  • NOTE: Brazil Inflation Quickens as Central Bank Prepares to Cut Less
Original Story: Haitong: Dinâmica de inflação continua bem favorável To contact the translator on this story: Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net To contact the translation editor responsible for this story: Giulia Camillo at gcamillo@bloomberg.net Reporter on the original story: Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net Editors responsible for the original story: Daniela Milanese at dmilanese@bloomberg.net Patricia Xavier

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Source: BFW (Bloomberg First Word)

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Flavio Serrano (Haitong Bank SA)

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