In February, consumer prices rose 0.80% over the previous month. The reading, which was slightly below market expectations of a 0.85% increase, followed on a 0.83% increase in January and broadly matched the 0.78% rise recorded in February 2010. As a result, annual inflation remained unchanged at 6.0%, which is above the Central Bank's target for a sixth consecutive month. The increase was driven by higher prices for education, due to the start of the academic year in the southern hemisphere. The seasonal increase in education prices accounted for more than a half of the total price increase. Food and beverages, which account for more than 20% of the consumer price index, increased only 0.23% in February (January: +1.16% month-on-month). Moreover, transportation prices also increased at a slower pace (January: +1.55% mom; February: +0.46% mom).
Inflation remains stable in February
March 4, 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.