Brazil Inflation February 2017

Brazil

Brazil: Inflation falls to lowest level since September 2010

March 10, 2017

Brazilian consumer prices in February increased 0.33% over the previous month, which was below January’s 0.38% rise and undershot the 0.43% figure analysts had expected. The slowdown came on the back of lower prices for food and beverages as well as transportation goods.

Inflation continued to drop, falling to an over six-year low of 4.8% (January: 5.4%). 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 4.5%, which is down 0.2 percentage points from last month’s forecast. For 2018, the panel also expects inflation of 4.5%.


Author: Angela Bouzanis, Senior Economist

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Brazil Inflation Chart


Brazil Inflation February 2017

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


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