The city on the beach in Brazil

Brazil Inflation September 2023

Brazil: Inflation hits seven-month high in September

Inflation came in at 5.2% in September, up from August’s 4.6%. September’s result was the highest inflation rate since February. While the print undershot market expectations, it was markedly above the Central Bank of Brazil’s 3.25% target for the year. Looking at the details of the release, the pick-up was primarily driven by prices for transportation rising at a faster pace, marking the strongest growth since July 2022. Headline inflation accelerated for a third consecutive month in September. An unfavorable base effect, higher Bolsa Família payments spurring domestic demand and lower interest rates will likely drive inflation in the coming months.

Still, the trend pointed down slightly, with annual average inflation coming in at 4.9% in September (August: 5.1%).

Lastly, consumer prices rose a seasonally adjusted 0.26% over the previous month in September, largely in line with the 0.23% increase logged in August. September’s figure was the highest since April.

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