According to the mid-month price index (IPCA-15, indice de Precos ao Consumidor Amplo), consumer prices added 0.76% month-on-month during the 30-day period ended on 15 January, following on a 0.69% increase during the 30 days ended on 15 December. The reading overshot both market expectations of a 0.69% increase as well as the 0.52% rise recorded in January 2010. As a result, annual inflation inched up to 6.0% (December: 5.8%), which is above the Central Bank's target for a third consecutive month. The result was driven by rising food and beverage prices, influenced by higher commodity prices and to the effects of recent floods in Rio de Janeiro state. Food and beverages account for more than 20% of the consumer price index and increased 1.21% in the period through mid-January (mid-November: +2.11% month-on-month; mid-December: +1.84% mom). Moreover, the increase was widespread, with all nine categories recording higher prices compared to the previous month.
Inflation continues to accelerate, pushing up expectations for 2011
January 26, 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.