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IDB launches tool to track inflation and growth expectations in Latin America

Monthly report compiles data from eight countries that employ inflation-targeting regimes 

The Inter-American Development Bank (IDB) has launched REVELA, a free Web-based monthly report on inflation and growth expectations in Latin America. 

REVELA compiles and analyzes inflation and growth expectations for eight Latin American economies that have inflation-targeting regimes: Brazil, Chile, Colombia, Guatemala, Mexico, Paraguay, Peru, and Uruguay. These countries account for 82 percent of the GDP of Latin America and the Caribbean. 

The new tool allows users to quickly grasp the monthly changes in expectations of key macroeconomic indicators, facilitating information gathering and analysis. 

The most recent edition of REVELA shows that both inflation and growth expectations in the targeted countries has fallen, with Chile showing the lowest expected 2012 inflation and Paraguay and Brazil having the steepest decline in growth expectations over the past six months. 

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Data provided in REVELA come from monthly central bank surveys of analysts and private banks on their expectations of inflation and growth. Such monitoring allows central bankers to analyze market reactions and adjust monetary policy accordingly in order to meet their mandate of providing price stability. 

The IDB Research Department compiles REVELA, which is available the third week of every month at www.iadb.org/revela. The Web page offers historic information on Latin America’s inflation-targeting economies and a report containing a descriptive analysis of the main trends in the region. REVELA does not represent official projections by the Bank or any other official institution.    

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