Inflation in Brazil
Brazil - Inflation
Inflation drops to lowest level since December 2021 in July
Consumer prices fell a seasonally-adjusted 0.68% over the previous month in July, contrasting the 0.67% rise seen in June. The result marked the first decline since May 2020 and the sharpest one since at least February 1990. Looking at the details of the release, the reading was chiefly due to falling prices for transportation. In addition, price pressures for housing dropped after growing in the previous month.
Inflation came in at 10.1% in July, down from June’s 11.9%. July's reading represented the lowest inflation rate since December 2021. Despite the moderation, July’s rate remained well above the Central Bank’s 3.5% target and marked the 11th month with inflation in the double digits. Still, the trend pointed up, with annual average inflation edging up to 10.8% in July (June: 10.7%).
FocusEconomics Panelists participating in the LatinFocus Consensus Forecast see inflation ending 2022 at 7.7%, which is down 0.4 percentage points from last month’s forecast, and 2023 at 5.0%
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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August 9, 2022
Consumer prices fell a seasonally-adjusted 0.68% over the previous month in July, contrasting the 0.67% rise seen in June.
August 3, 2022
At its 2–3 August meeting, the Monetary Policy Committee (COPOM) of Brazil’s Central Bank (CBC) unanimously decided to raise the benchmark SELIC interest rate by another 50 basis points—as priced in by markets—bringing it to 13.75%.
August 2, 2022
Industrial output fell 0.4% month on month in seasonally-adjusted terms in June (May: +0.3% mom).
August 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) inched down to 54.0 in July from June's 54.1.
Brazil: Consumer sentiment hits 11-month high in July but remains entrenched in pessimistic territory
July 25, 2022
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) came in at 79.5 in July, up from June's 79.0.