Revelations of Expectations in Latin America

The June 2017 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that the simple average growth rate expected for 2017 for the eight countries covered by REVELA remained stable at 2.4% compared to May. At the same time, the GDP-weighted average remained constant at 1.4% compared to the previous month. On the other hand, inflation expectations for 2017 declined by 0.1% from 4.5% to 4.4% both under the simple average basis and the GDP-weighted average basis. At the individual country level, growth expectations rose in Uruguay by 0.8% from 2.6% to 3.4%, and declined by 0.1% in three countries: Brazil from 0.5% to 0.4%, Chile from 1.6% to 1.5% and Peru from 2.6% to 2.5%. Growth expectations remained stable in remaining four countries: Colombia at 2.4%, Guatemala at 3.2%, Mexico at 2.0% and Paraguay at 4.0%. Inflation expectations for 2017 declined by 0.3% both in Brazil from 3.9% to 3.6% and in Uruguay from 7.2% to 6.9%. They declined by 0.1% in three countries: Chile from 2.9% to 2.8%, Guatemala from 4.4% to 4.3% and Peru from 3.1% to 3.0%. Finally, inflation expectations remained stable in Colombia at 4.4% and in Paraguay at 4.0% in June compared to the previous month. With these results, growth expectations for the region for 2017 ranged from 0.4% in Brazil to 4.0% in Paraguay, while inflation expectations ranged from 2.8% in Chile to 6.9% in Uruguay.  Download the full report and data.












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Expectations for 2017
(G)rowth & (I)nflation
May vs. June 




LAC Average










What is revela ?

REVELA is a free Web-based monthly service on inflation and growth expectations in Latin America. REVELA's Web site offers an up-to-date report and a database with historical information. This service compiles data from the expectations surveys of eight Latin American Central Banks that have inflation-targeting regimes. REVELA does not represent official projections by the IDB or any other official institution.



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