In July, consumer prices increased 0.43% over the previous month, which was above both the 0.08% rise recorded in June and market expectations of a 0.37% price increase. The result mainly reflected higher prices for food and beverages. As a result of the monthly price rise, annual headline inflation rose from 4.9% in June to 5.2% in July, thus breaking the declining trend initiated in October 2011. Nevertheless, inflation remains within the Central Bank's target of 4.5% with a tolerance margin of plus/minus 2.0 percentage points. The Central Bank expects inflation to decline to 4.4% by the end of 2012 and to accelerate to 5.2% by the end of 2013.
Disinflationary trend ends
August 8, 2012
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Brazil Inflation Chart
Note: Annual and monthly var. of IPCA consumer price index in %.
Source: Brazilian Institute of Geography and Statistics (IBGE).
Brazil Economic News
October 25, 2016
Brazil’s current account balance improved in September, continuing to build on the considerable gains made over the past year.
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
October 18, 2016
Retail sales (excluding cars and construction) fell 0.6% in August from the previous month in seasonally-adjusted terms.
October 7, 2016
Consumer prices in September increased 0.08% over the previous month, the lowest rise since July 2014.
October 4, 2016
In August, industrial production plunged 3.8% over the previous month in seasonally-adjusted terms, which significantly contrasted the 0.1% expansion recorded in July and marked the worst result since January 2012.