📝 Petrobras' 5% Cut to Gasoline Prices Will Help Inflation Ease: J.P. Morgan

On Tuesday, Petrobras announced a 5% gasoline price cut in gasoline products, the move was not expected as the consensus had seen such reduction coming after elections held in October. See this price adjustment helping the slowdown to red-hot Brazilian consumer prices. Therefore, we reduce our Brazilian CPI forecast for 2022 to 7.4% from 7.6% as lower energy prices feed in.

- J.P. Morgan Economists