Inflation in Brazil
Brazil - Inflation
Inflation eases in January
Consumer prices increased 0.21% month-on-month in January, following December’s sharp 1.15% increase. The reading underwhelmed market expectations of a 0.34% rise and came in tandem with a sharp depreciation in the Brazilian real. Lower food and beverage costs, particularly as meat prices receded after surging at the end of last year, and cheaper health and personal care. Conversely, housing registered the highest price increases in January.
Inflation edged down to 4.2% in January from 4.3% in December, which was comfortably within the Central Bank’s target of 4.0% with a tolerance band of plus or minus 1.5 percentage points for the end of 2020. Annual average inflation, on the other hand, increased to 3.8% in January from 3.7% in December.
Panelists participating in the LatinFocus Consensus Forecast see inflation closing 2020 at 3.8%, which is unchanged from last month’s forecast. For 2021, the panel also expects inflation of 3.8%.
Brazil - Inflation Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 6.3 | 9.0 | 8.7 | 3.4 | 3.7 |
Brazil Inflation Chart
Source: Brazil Institute of Geography and Statistics.
Brazil Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.79 | -0.82 % | Dec 31 |
| Exchange Rate | 4.02 | -0.13 % | Jan 01 |
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Economic News
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Brazil: Real plunges to new record low in February
February 17, 2020
The Brazilian real continued its downward spiral in early February, hitting an all-time low of BRL 4.36 per USD on 12 February, marking an over 6.0% depreciation over the prior month.
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Brazil: Economic activity declines at quickest pace in 10 months in December
February 14, 2020
Economic activity fell 0.3% in seasonally-adjusted month-on-month terms in December, following November’s revised 0.1% decrease (previously reported: +0.2% month-on-month) and missing expectations of a softer 0.2% drop.
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Brazil: Retail sales fall in December
February 12, 2020
Retail sales, excluding cars and construction, fell 0.1% over the prior month on a seasonally-adjusted basis in December, contrasting November’s revised 0.7% increase (previously reported: +0.6% month-on-month).
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Brazil: Real plunges to new record low in February
February 10, 2020
On 7 February, the Brazilian real fell to a fresh record low against the U.S. dollar, ending the day at 4.32 per USD, which marked a 6.2 depreciation over the same day in January.
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Brazil: Inflation eases in January
February 10, 2020
Consumer prices increased 0.21% month-on-month in January, following December’s sharp 1.15% increase.
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