Brazil Inflation September 2020


Brazil: Inflation hits six-month high in September

October 9, 2020

Consumer prices rose a seasonally-adjusted 0.64% from the previous month in September, up from August's 0.24% rise and marking the sharpest increase in prices since December 2019. Looking at the details of the release, prices for food and beverages rose at a quicker pace in September compared to the previous month, while price pressures for housing also picked up pace.

Inflation increased to 3.1% in September, above August’s 2.4%. September's figure marked the highest inflation rate since March. Meanwhile, the trend was unchanged with annual average inflation coming in at August's 3.0% in September.

Panelists participating in the LatinFocus Consensus Forecast see inflation closing 2020 at 1.9%, which is up 0.2 percentage points from last month’s forecast. For 2021, the panel projects inflation of 3.2%, which is unchanged from last month’s forecast.

Author:, Economist

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Brazil Inflation Chart

Brazil Inflation September 20 20

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

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