Inflation in Brazil
Brazil - Inflation
Inflation comes in at highest level in nearly six years in October
Consumer prices rose a seasonally-adjusted 1.25% over the previous month in October, accelerating from September's 1.16% rise. Looking at the details of the release, the sharper increase was driven by rising prices for transportation and food and beverages. October’s reading was the 17th consecutive month of rising consumer prices.
Inflation increased to 10.7% in October, following September’s 10.2%. October's figure was the highest inflation rate since January 2016. Meanwhile, the trend pointed up, with annual average inflation coming in at 7.3% in October (September: 6.7%).
Panelists participating in the LatinFocus Consensus Forecast see inflation ending 2022 at 4.9%, which is up 0.7 percentage points from last month’s forecast, and 2023 at 3.4%.
Brazil - Inflation Data
|Inflation Rate (CPI, annual variation in %)||9.0||8.7||3.4||3.7||3.7|
5 years of economic forecasts for more than 30 economic indicators.
Brazil Inflation Chart
Source: Brazil Institute of Geography and Statistics.
|Bond Yield||6.79||-0.82 %||Dec 31|
|Exchange Rate||4.02||-0.13 %||Jan 01|
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December 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) fell to 49.8 in November, down from 51.7 in October and hitting its lowest level in 18 months.
November 26, 2021
The Getulio Vargas Foundation’s (Fundação Getúlio Vargas) industrial business confidence index came in at 102.1 in November, down from 105.2 in October.
November 25, 2021
Brazil’s current account recorded a deficit of USD 4.5 billion in October, deteriorating from the USD 1.2 billion shortfall recorded in October 2020 and the USD 1.7 billion deficit clocked in September of this year. October’s result largely reflected a smaller goods surplus and a reduction in the services account deficit.
November 24, 2021
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation fell to 74.9 in November, following October’s 76.3 reading.
November 16, 2021
Economic activity dropped 0.3% in month-on-month seasonally-adjusted terms in September, which followed August's 0.3% decrease.