Consumer prices rose 0.92% in March over the previous month. The print was above both the 0.69% increase recorded in February and market expectations of a 0.85% rise. Prices increased in all but one of the nine categories monitored, with prices for food and beverages registering the strongest increase. Annual headline inflation increased from 5.7% in February to 6.2% in March, which marked the highest inflation rate since July 2013. Inflation is still within the Central Bank's tolerance margin of plus/minus 2.0 percentage points around its target of 4.5%. The Central Bank sees inflation at 5.6% at the end of 2014. For 2015, the Bank sees inflation closing the year at 5.4%. LatinFocus Consensus Forecast participants see inflation closing 2014 at 6.1%, which is up 0.1 percentage points from last month's forecast. For 2015, the panel sees inflation at 5.8%.
Inflation increases to an 8-month high in March
April 9, 2014
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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.