The annual inflation rate in Brazil rose to 3.43 percent in August 2019 from 3.22 percent in the previous month and slightly below market consensus of 3.44 percent. Prices went up further mainly due to cost of transport and housing. Inflation Rate in Brazil averaged 342.84 percent from 1980 until 2019, reaching an all time high of 6821.31 percent in April of 1990 and a record low of 1.65 percent in December of 1998.

Inflation Rate in Brazil is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Brazil to stand at 3.80 in 12 months time. In the long-term, the Brazil Inflation Rate is projected to trend around 3.70 percent in 2020, according to our econometric models.

Brazil Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-07 12:00 PM Inflation Rate YoY May 4.66% 4.94% 4.72% 4.6%
2019-07-10 12:00 PM Inflation Rate YoY Jun 3.37% 4.66% 3.33% 3.6%
2019-08-08 12:00 PM Inflation Rate YoY Jul 3.22% 3.37% 3.28% 3.1%
2019-09-06 12:00 PM Inflation Rate YoY Aug 3.43% 3.22% 3.44% 3.4%
2019-10-09 12:00 PM Inflation Rate YoY Sep 3.43% 3.3%
2019-11-07 11:00 AM Inflation Rate YoY Oct 3.3%
2019-12-06 11:00 AM Inflation Rate YoY Nov 3.4%



Brazil Inflation Rate Rises to 3-Month High in August

The annual inflation rate in Brazil rose to 3.43 percent in August 2019 from 3.22 percent in the previous month and slightly below market consensus of 3.44 percent. Prices went up further mainly due to cost of transport and housing.

Year-on-year, prices advanced at a faster pace for transport (2.57 percent from 1.72 percent in July); housing (4.27 percent percent from 3.50 percent), namely rents (4.85 percent from 4.57 percent) and electricity (4.96 percent from 2.04 percent); clothing (0.51 percent from 0.48 percent); and communication (0.33 percent from 0.27 percent). On the other hand, cost slowed for food & non-alcoholic beverages (4.12 percent from 4.13 percent); personal expenses (3.52 percent from 3.56 percent); health (3.88 percent from 4.47 percent); and education (4.95 percent from 5.05 percent). Also, inflation was steady for household goods (at 3.28 percent). 

On a monthly basis, consumer prices went up 0.11 percent, easing from a 0.19 percent gain in the prior month and matching market forecasts. Cost of food & non-alcoholic beverages declined 0.35 percent, after increasing 0.01 percent, in particular tomatoes (-24.49 percent), english potato (-9.11 percent) and vegetables (-6.53 percent). In addition, prices dropped further for transport (-0.39 percent from -0.17 percent), namely flight tickets (-15.66 percent) and slowed for housing (1.19 percent from 1.20 percent) personal expenses (0.31 percent from 0.44 percent) and communication (-0.09 percent from 0.57 percent).


IBGE | Stefanie Moya | stefanie.moya@tradingeconomics.com
9/6/2019 12:18:41 PM



Brazil Prices Last Previous Highest Lowest Unit
Inflation Rate 3.43 3.22 6821.31 1.65 percent [+]
Inflation Rate Mom 0.11 0.19 82.39 -0.51 percent [+]
Consumer Price Index CPI 5229.93 5224.18 5229.93 0.00 Index Points [+]
Core Inflation Rate 3.38 3.27 9.45 2.69 percent [+]
GDP Deflator 3.00 3.80 2736.97 3.00 percent [+]
Producer Prices 787.04 794.21 795.94 0.00 Index Points [+]
Export Prices 131.17 128.03 187.34 65.75 Index Points [+]
Import Prices 117.20 115.34 145.42 59.42 Index Points [+]
Food Inflation 4.12 4.13 5266.83 -2.30 percent [+]
Producer Prices Change 4.50 6.50 6719.66 -4.77 percent [+]
CPI Housing Utilities 9195.53 9087.39 9195.53 0.00 Index Points [+]
CPI Transportation 4964.12 4983.56 5007.57 0.00 Index Points [+]


Brazil Inflation Rate

In Brazil, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories of the index are: Food and beverages (26 percent of the total weight); transport (18 percent); housing (15 percent); health care (12 percent); and personal expenses (11 percent). Also, clothing accounts for 6 percent; education for 5 percent; household goods for 4 percent; and communication for 4 percent. Data is collected in the Metropolitan Areas of São Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Belém, Fortaleza, Recife, Salvador and Curitiba and in the cities of Goiânia and Brasília. This page provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Inflation Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.43 3.22 6821.31 1.65 1980 - 2019 percent Monthly




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 1.90 Aug/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.40 Aug/19
Japan 0.50 Jul/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.40 Jul/19
South Africa 4.30 Aug/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 1.70 Aug/19
United States 1.70 Aug/19


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