Brazil Inflation March 2018

Brazil

Brazil: Inflation falls to six-month low in March

April 12, 2018

Consumer prices in March rose 0.09% over the previous month, below February’s 0.32% rise. March’s reading was below analysts’ forecasts of a sharper 0.12% rise. The deceleration was largely driven by falling transport prices due to the end of the summer holiday.

Inflation came in at a six-month low of 2.7% in March, slightly below February’s 2.8%. Prices pressures are at a historic low in the country and below the Central Bank’s target of 4.5% plus or minus 1.5 percentage points. Annual average inflation fell to 2.9% in March, the lowest rate in over a decade, from 3.1% in February.

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 4.1%.


Author: Angela Bouzanis, Lead Economist

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Brazil Inflation Chart


Brazil Inflation March 2018 0

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


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