Santander Sees Notable Impact on June CPI From Petrobras, Aneel
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
PETR4 BZ (Petroleo Brasileiro SA)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283
(Bloomberg) -- The announcement of fuel price reduction from Petrobras and Aneel’s decision on green flag might have a “notable impact” on June’s CPI, according to a report from Santander analysts, including Tatiana Pionheiro, that expects a deflation of 0.07%.
- Gasoline and diesel prices reductions were announced last Thursday by Petrobras; the fourth gasoline price adjustment in 2017 and the fifth for diesel, analysts say
- “For the IPCA, gasoline is more important than diesel, as its weighting is 3.85% (the total impact of -6 basis points in June), while diesel weighs 0.14% (total impact of less than -0.5 basis points)”
- “We expect a lower pass-through for gasoline and diesel prices in June, thus, both tend to decrease by 1.5%”
- Brazil’s Electric Regulator, known as Aneel, announced last Friday Green Flag for June electricity prices, from Red in May
- “For IPCA, we expect a decrease of 6.3% in the electricity tariff in June with a total impact of -23 bps”
- NOTE: IBGE to announce June data of IPCA on July 7
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
PETR4 BZ (Petroleo Brasileiro SA)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283