Inflation in Brazil
Brazil - Inflation
Inflation drops to lowest level since March 2021 in October
Inflation fell to 6.5% in October, below September’s 7.2%. October's reading represented the weakest inflation rate since March 2021, and the fourth consecutive month of easing inflation. Despite the sharp moderation, October’s rate remained well above the Central Bank’s 3.5% target for 2022. Looking at the details of the release, the moderation was chiefly driven by prices for transportation growing at a softer rate in October, while prices for food and beverages also increased at a softer pace.
Accordingly, the trend pointed down, with annual average inflation coming in at 10.1% in October (September: 10.4%).
Lastly, consumer prices rose a seasonally adjusted 0.59% over the previous month in October, contrasting the 0.29% drop logged in September. October's figure marked the strongest increase in prices since June, and was the halt to a three-month sequence of declining prices.
FocusEconomics Panelists participating in the LatinFocus Consensus Forecast see inflation ending 2023 at 4.9%, which is unchanged from last month’s forecast, and 2024 at 3.6%
Brazil - Inflation Data
|Inflation Rate (CPI, annual variation in %)||9.0||8.7||3.4||3.7||3.7|
5 years of economic forecasts for more than 30 economic indicators.
Brazil Inflation Chart
Source: Brazil Institute of Geography and Statistics.
|Bond Yield||6.79||-0.82 %||Dec 31|
|Exchange Rate||4.02||-0.13 %||Jan 01|
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November 25, 2022
Brazil’s current account recorded a USD 4.6 billion deficit in October, narrowing from the USD 6.0 billion shortfall posted in the same month last year, and from the USD 7.1 billion deficit clocked in September 2022. October’s result chiefly reflected the near doubling of the surplus in trade goods compared to October 2021.
November 24, 2022
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) fell to 85.3 in November from October's 88.6.
November 14, 2022
Economic activity was flat in month-on-month seasonally-adjusted terms in September.
November 10, 2022
Inflation fell to 6.5% in October, below September’s 7.2%.
November 9, 2022
Retail sales rose 1.1% month on month in seasonally-adjusted terms in September (August: +0.1% mom).