Brazil Inflation

Brazil

Brazil: Inflation stable in September

October 7, 2015

Consumer prices in September increased 0.54% over the previous month. The print was above the 0.22% increase recorded in August and overshot market expectations of a 0.52% rise. The monthly result was driven largely by higher prices for transportation and housing as well as for food and beverages.

Inflation in September remained stable at August’s 9.5%. As a result, inflation remains far above the Central Bank’s tolerance margin of plus/minus 2.0 percentage points around 4.5%. Inflationary pressures have risen dramatically since the beginning of the year despite consistent hikes in the Central Bank’s SELIC interest rate.

Panelists participating in the LatinFocus Consensus Forecast see inflation closing 2015 at 9.3%, which is up 0.1 percentage points from last month’s forecast. For 2016, the panel expects inflation of 5.7%.


Author: Angela Bouzanis, Senior Economist

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Brazil Inflation Chart


Brazil Inflation September 2015

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


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