Brazil Inflation April 2020

Brazil

Brazil: Inflation falls to lowest level in over 21 years in April

May 8, 2020

Consumer prices fell a seasonally-adjusted 0.31% over the last month in April, swinging from the 0.07% increase logged in March. April's result marked the sharpest month-on-month fall in prices since August 1998. The reading was driven by plunging transportation prices, while prices for housing, and health and personal care also dropped in the month.

Inflation came in at 2.4% in April, down from March’s 3.3%. April's figure represented the lowest inflation rate since February 1999. Meanwhile, annual average inflation fell to 3.5% in April from 3.7% in March.

Panelists participating in the LatinFocus Consensus Forecast see inflation closing 2020 at 2.9%, which is down 0.6 percentage points from last month’s forecast. For 2021, the panel expects inflation of 3.6%.


Author:, Economist

Sample Report

Looking for forecasts related to Inflation in Brazil? Download a sample report now.

Download

Brazil Inflation Chart


Brazil Inflation April 20 20

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


Brazil Economic News

More news

Search form