Brazil Inflation September 2021

Brazil

Brazil: Inflation hits highest level since February 2016 in September

October 8, 2021

Consumer prices rose a seasonally-adjusted 1.16% over the previous month in September, coming in above the 0.87% rise seen in August. Looking at the details of the release, the sharper rise was primarily due to faster growth in prices for transportation and housing. September’s reading was the 16th consecutive month of rising consumer prices.

Inflation came in at 10.2% in September, up from 9.7% in August. September's reading marked the highest inflation rate since February 2016. Meanwhile, the trend pointed up, with annual average inflation coming in at 6.7% in September (August: 6.1%).

Panelists participating in the LatinFocus Consensus Forecast see inflation ending 2021 at 7.3%, which is up 0.7 percentage points from last month’s forecast, and 2022 at 4.0%.


Author:, Economist

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Brazil Inflation Chart


Brazil Inflation September 2021 0

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


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