Inflation view falls to 5.4% in Brazil

The average market forecast for Brazil's benchmark inflation index fell on Monday 15 August for the 13th straight week to 5.4 percent.

The forecast for 2006 price increases as measured by the IPCA Broad Consumer Price Index for the first time in 64 weeks slipped below 5 percent to 4.98 percent, the central bank's weekly survey of some 100 economists on Monday showed.

That would be higher than the central bank's 4.5 percent target for next year.