Brazil Inflation August 2018

Brazil

Brazil: Inflation eases in August

September 6, 2018

Consumer prices fell 0.09% in August over the previous month, contrasting July’s 0.33% rise and marking the first drop in over a year. Lower prices for food and beverages as well as for transport drove the decline.

Inflation eased from 4.5% in July, which had marked the highest reading since March 2017, to 4.2% in August. Inflation is within the Central Bank’s target of 4.5% plus or minus 1.5 percentage points. Annual average inflation rose from 3.0% in July to 3.2% in August.

Brazil Inflation Forecast


Panelists participating in the LatinFocus Consensus Forecast see inflation closing 2018 at 4.0%, which is unchanged from last month’s forecast. For 2019, the panel expects inflation of 4.3%.


Author: Angela Bouzanis, Lead Economist

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Brazil Inflation Chart


Brazil Inflation August 2018

Note: Annual and monthly var. of IPCA consumer price index in %.
Source: Brazilian Institute of Geography and Statistics (IBGE).


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