Brazil: in September 2020 the Central Bank of Brazil expected inflation of 2.9% for 2021; the outcome was 10.1%
Forecasts of 64 releases (2017–2024) for the next year: the outcome above the forecast 54 times, below 10; typical error +0.92 percentage points. The largest under-forecast in September 2020: 2.9% expected for 2021, the outcome was 10.1%. The largest over-forecast in May 2017: 4.6% expected for 2018, the outcome was 3.8%.
Source: Central banks: published forecasts; actual: official statisticsOpen on the chart →