Brazil Inflation July 2021

Brazil

Brazil: Inflation rises to over five-year high in July

August 10, 2021

Consumer prices increased a seasonally-adjusted 0.96% over the previous month in July, accelerating from June's 0.53% rise. July's reading marked the sharpest increase in prices since December 2020. The reading was driven by rising prices for transportation and food and beverages.

Inflation came in at 9.0% in July, up from June’s 8.3%. July's reading was the highest inflation rate since May 2016. Annual average inflation rose to 5.5% in July (June: 5.0%).

Panelists participating in the LatinFocus Consensus Forecast see inflation ending 2021 at 6.6%, which is up 0.6 percentage points from last month’s forecast, and 2022 at 3.9%.


Author:, Economist

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Brazil Inflation July 2021 0

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


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