Producer Prices in Brazil
Brazil - Producer Prices
Inflation falls to over one-year low in August
Consumer prices fell a seasonally-adjusted 0.36% in August over the previous month, a less pronounced fall than the 0.68% drop recorded in July. The result marked the second decline in consumer prices in a row. Looking at the details of the release, the moderation in the decline was chiefly due to a softer fall in prices for transport.
Inflation came in at 8.7% in August, down from July’s 10.1%. August's reading represented the lowest inflation rate since June 2021 and the halt to an 11-month period of double-digit inflation. Despite the sharp moderation, August’s rate remained well above the Central bank’s 3.5% target. Consequently, the trend pointed down slightly, with annual average inflation coming in at 10.7% in August (July: 10.8%).
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 - Producer Prices Data
|Inflation (PPI, annual variation in %)||11.3||7.7||-2.5||8.8||9.6|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.79||-0.82 %||Dec 31|
|Exchange Rate||4.02||-0.13 %||Jan 01|
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September 21, 2022
At its 20–21 September meeting, the Monetary Policy Committee (COPOM) of Bazil’s Central Bank (BCB) decided to maintain the benchmark SELIC interest rate at 13.75%.
September 15, 2022
Economic activity growth accelerated to 1.2% month on month in seasonally-adjusted terms in July (June: +0.9% mom).
September 14, 2022
Retail sales fell 0.8% month on month in seasonally-adjusted terms in July (June: -1.4% mom).
September 9, 2022
Consumer prices fell a seasonally-adjusted 0.36% in August over the previous month, a less pronounced fall than the 0.68% drop recorded in July.
September 2, 2022
Industrial output increased 0.6% month-on-month in seasonally-adjusted terms in July (June: -0.3% mom).