Brazil Inflation June 2020

Brazil

Brazil: Inflation rises in June

July 10, 2020

Consumer prices rose a seasonally-adjusted 0.26% in June over the previous month, swinging from May's 0.38% drop. June's reading marked the sharpest increase in prices since December 2019. The rebound was chiefly broad-based with greater price pressures for transportation; food and beverages; housing; and health and personal care goods.

Inflation edged up to 2.1% in June, above May’s 1.9%. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 3.1% in June (May: 3.2%).

Panelists participating in the LatinFocus Consensus Forecast see inflation closing 2020 at 1.9%, which is down 0.4 percentage points from last month’s forecast. For 2021, the panel expects inflation of 3.2%.


Author:, Economist

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Brazil Inflation June 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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