Brazil Inflation


Inflation inches up in December

Consumer prices rose 0.92% in December over the previous month. The print was above both the 0.54% increase recorded in November and market expectations of a 0.82% rise. Prices rose in five of the nine categories monitored, with transportation recording the highest increase.

Annual headline inflation increased from 5.8% in November to 5.9% in December. Inflation is still within the Central Bank's tolerance margin of plus/minus 2.0 percentage points around the target of 4.5%.

The Central Bank sees inflation at 5.7% at the end of this year. LatinFocus Consensus Forecast participants see inflation closing 2014 at 5.9%, which is unchanged from last month's forecast. For 2015, the panel sees inflation at 5.5%.

Author:, Economist

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Brazil Inflation Chart

Brazil Inflation December 2013

Note: Annual and monthly var. of IPCA consumer price index in %.
Source: Brazilian Institute of Geography and Statistics (IBGE).

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