According to Fernando Rocha, the Central Bank’s head of Statistics, the difference in the performance of current transactions, in the yearly comparison, is due to the increase in the commercial surplus.
In the first quarter of the year, Brazil’s gross domestic product went up 1.2 percent from the previous quarter, according the country’s Central Bank.
For 2022, the estimated inflation is 3.51 percent. For both 2023 and 2024, predictions stand at 3.25 percent. The projection for 2021 is above the center of the Central Bank’s inflation target.