Description: The Brazil Inflation Expectations Curve (IPCA) represents the term structure of market expectations for future consumer inflation in Brazil, based on projections collected by the Central Bank of Brazil through the Focus Survey. It combines median forecasts across different time horizons, typically spanning multiple calendar years. This series provides a comprehensive view of how inflation expectations evolve over time, offering insights into the credibility of monetary policy, the anchoring of expectations, and the perceived inflation outlook across short, medium, and long-term horizons.