Inflation in Brazil

Brazil Inflation | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)9.0  8.7  3.4  3.7  3.7  

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Brazil Inflation Chart


Brazil Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Brazil Institute of Geography and Statistics.

Brazil Facts

Value Change Date
Bond Yield6.79-0.82 %Dec 31
Exchange Rate4.02-0.13 %Jan 01

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