Brazil Inflation April 2017


Brazil: Inflation falls to lowest level since July 2010

May 10, 2017

Brazilian consumer prices in April increased 0.14% over the previous month, which was below March’s 0.25% rise. The slowdown came largely due to a cut in electricity rates, which lowered the housing category of the index.

Inflation continued to drop in April, falling to an over six-year low of 4.1% (March: 4.6%). The result was in line with market expectations. The sharp fall will give the Central Bank space to continue with its easing cycle to support an economic recovery. Inflation is within the Central Bank’s target band of 2.5%-6.5%.

Panelists participating in the LatinFocus Consensus Forecast see inflation closing 2017 at 4.3%, which is unchanged from last month’s forecast. For 2018, the panel also expects inflation of 4.4%.

Author: Angela Bouzanis, Senior Economist

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Brazil Inflation Chart

Brazil Inflation April 2017

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

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