Brazil Inflation August 2019


Brazil: Inflation rises mildly in August

September 6, 2019

Consumer prices rose 0.11% in August over the previous month, which was below July’s 0.19%. The result was driven by falling prices for food and beverages, and transportation products.

Inflation edged up to 3.4% in August from July’s 3.2%. July’s reading had marked the lowest inflation since May 2018. Inflation is at a low level and is below the Central Bank’s target of 4.25% for the end of 2019.

Annual average inflation, however, was unchanged at July’s 4.1% in August.

Panelists participating in the LatinFocus Consensus Forecast see inflation closing 2019 at 3.9%, which is unchanged from last month’s forecast. For 2020, the panel expects inflation of 4.0%.

Author: Angela Bouzanis, Lead Economist

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Brazil Inflation Chart

Brazil Inflation August 2019

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

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