Brazil Inflation Rate Nearly Steady at 2.84%


Consumer prices in Brazil increased 2.84 percent year-on-year in February of 2018, barely unchanged form 2.86 percent in January and market expectations of 2.85 percent. It is the lowest inflation rate for a February month since 1999.

On a monthly basis, prices rose 0.32 percent after 0.29 percent in January and in line with forecasts. It is the lowest monthly rate for a February month since 2000 when it was 0.13 percent. The biggest upward pressure came from cost of education (3.89 percent), mainly due to tuition fees as the new academic year started. Also, prices of transportation increased 0.74 percent, mainly due to cost for urban bus and gasoline. In contrast, prices of food fell 0.33 percent, mainly due to meat and fruit. 

Considering the first two months of the year, inflation was 0.61 percent, the lowest on record.

 Brazil Inflation Rate Nearly Steady at 2.84%


IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
3/9/2018 12:29:33 PM