Brazil Inflation

Brazil

Brazil: Inflation rises in August

September 5, 2014

Consumer prices increased in August, rising 0.25% over the previous month. The print was above the 0.01% increase recorded in July and met market expectations. July’s print represented the lowest monthly increase in consumer prices since July 2010. Among the categories that tallied price increases, prices rose the most for housing and household articles. Conversely, prices for food and beverages as well as for clothing declined in August.

As a result of the monthly reading, annual headline inflation was stable at July’s 6.5% in August. Inflation is resting on the upper limit of the Central Bank’s tolerance margin of plus/minus 2.0 percentage points around its target of 4.5%.

The Central Bank sees inflation at 6.4% at the end of 2014. For 2015, the Bank sees inflation closing the year at 6.0%. LatinFocus Consensus Forecast participants see inflation closing 2014 at 6.4%, which is unchanged from last month’s forecast. For 2015, the panel expects inflation of 6.2%.


Author: Angela Bouzanis, Senior Economist

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Brazil Inflation Chart


Brazil Inflation August 2014

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


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