In October, consumer prices increased 0.59% over the previous month, which was broadly unchanged from the 0.57% rise recorded in September and virtually matched market expectations of a 0.58% price increase. The result mainly reflected higher prices for food and beverages. As a result of the monthly price rise, annual headline inflation edged up from 5.3% in September to 5.5% in October, thereby remaining 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 inch down to 5.2% by the end of 2012 and to moderate to 4.8% by the end of 2013, according to its Inflation Report from September.
Inflation accelerates in October
November 7, 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 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.
October 3, 2016
The Markit manufacturing Purchasing Managers’ Index (PMI) rose slightly in September, increasing from August’s 45.7 to 46.0.