Brazil's year-end inflation forecast dips for first time in 18 weeks

BRASILIA, Nov. 25 (Xinhua) -- Brazil's financial market revised its inflation forecast for the end of 2024 from 4.64 to 4.63 percent, marking the first dip in 18 weeks, the Central Bank of Brazil said Monday in its weekly survey.

However, the number remains above the 4.5 percent tolerance ceiling of the bank's 3 percent inflation target, as consumer prices picked up due to higher electricity and food costs amid