In May consumer prices rose 0.47% over the previous month, below the 0.77% increase tallied in April but matching market expectations. The reading represents the slowest monthly price increase since September 2010. The price increase was mainly driven by higher prices in the food and housing category , which were partially offset by falling transport costs (-0.24% month-on-month), reflecting lower fuel prices. As a result, annual headline inflation inched up from 6.5% in April to 6.6% in May, slowly approaching the upper ceiling of the Central Bank's target of 4.5% ( 2.0 percentage points) and marking the highest rate since July 2005. The Central Bank expects inflation to decline to 5.6% by the end of the year.
Inflation approaches Central Bank?s upper tolerance margin in May
June 7, 2011
Looking for forecasts related to Inflation in Brazil? Download a sample report now.
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.