Brazil Inflation October 2017


Brazil: Inflation rises from multi-year low in October

November 10, 2017

Consumer prices in October rose 0.42% over the previous month, which was above September’s 0.16% rise. October’s reading undershot analysts’ forecasts of a more pronounced 0.47% rise. Higher prices were recorded for housing, transportation and three of the other seven categories of the index.

Inflation rose slightly to 2.7% in October, after coming in at an 18-year low of 2.5% in September. Historically low price pressures have been good news for the battered economy and allowed the Central Bank space to pursue an easing cycle to support a recovery.

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, Senior Economist

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Brazil Inflation Chart

Brazil Inflation October 2017

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

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