The city on the beach in Brazil

Brazil Inflation March 2023

Brazil: Inflation falls to over two-year low in March

Inflation eased to 4.7% in March, following February’s 5.6%. March’s result marked the weakest inflation rate since January 2021, but still remained above the Central Bank’s 3.5% target. Looking at the details of the release, the moderation was chiefly due to housing prices dropping in March compared to the previous month, while price pressures for food and beverages eased. Moreover, prices for clothing grew at a more subdued pace.

Accordingly, the trend pointed down, with annual average inflation coming in at 7.9% in March (February: 8.5%).

Finally, consumer prices rose a seasonally adjusted 0.71% over the previous month in March, a smaller increase than February’s 0.84% rise.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest