In April, consumer prices rose 0.77% over the previous month. The reading broadly matched the 0.79% increase tallied in March, but exceeded both market expectations of a 0.74% increase and the 0.57% rise recorded in April 2010. As a result, annual inflation stepped up to 6.5% (March: 6.3%), which is above the midpoint of the Central Bank's target of 4.5% ( 2.0 percentage points) for an eighth month in a row and marks the highest rate since July 2005. The pronounced monthly increase was driven by higher transport costs, which rose 1.57% over the previous month. Transportation prices have risen an accumulated 5.24% this year, due to soaring oil prices. In contrast, food prices rose a more moderate 0.58% and home appliances prices dropped over March. In April, the Central Bank raised its inflation forecast from the 5.0% previously expected to 5.6%.
Inflation rises to 6-year high
May 6, 2011
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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.