Brazil's annual inflation rate rose for the seventh straight month to 4.52 percent in December of 2020, the highest since April of 2019 and beating market expectations of 4.38 percent. Food & beverages inflation stood at 14.09 percent, remaining close to a 17-year high of 15.94 percent reached in November. Additional upward pressure came from prices of housing (5.25 percent vs 1.47 percent); household goods (6 percent vs 3.67 percent) and education (1.13 percent vs 0.84 percent). Meanwhile, inflation slowed slightly for transport (1.03 percent vs 1.21 percent); personal expenses (1.03 percent vs 1.30 percent) and communications (3.42 percent vs 3.70 percent). Clothing costs, however, declined 1.13 percent, after falling 1.70 percent in the prior month. On a monthly basis, consumer prices inched up 1.35 percent, the biggest increase since February of 2003, and above market consensus of 1.21 percent. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Inflation Rate in Brazil averaged 331.54 percent from 1980 until 2020, 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. This page provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Inflation Rate in Brazil is expected to be 3.50 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 3.00 in 12 months time. In the long-term, the Brazil Inflation Rate is projected to trend around 3.50 percent in 2022, according to our econometric models.

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Brazil Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.52 4.31 6821.31 1.65 1980 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-09 12:00 PM Sep 3.14% 2.44% 3.03% 2.9%
2020-11-06 12:00 PM Oct 3.92% 3.14% 3.9% 4%
2020-12-08 12:00 PM Nov 4.31% 3.92% 4.2% 4.2%
2021-01-12 12:00 PM Dec 4.52% 4.31% 4.38% 4.5%
2021-02-09 12:00 PM Jan 4.52%
2021-03-11 12:00 PM Feb
2021-04-09 12:00 PM Mar
2021-05-11 12:00 PM Apr


News Stream
Brazil December Inflation Rate Above Forecasts
Brazil's annual inflation rate rose for the seventh straight month to 4.52 percent in December of 2020, the highest since April of 2019 and beating market expectations of 4.38 percent. Food & beverages inflation stood at 14.09 percent, remaining close to a 17-year high of 15.94 percent reached in November. Additional upward pressure came from prices of housing (5.25 percent vs 1.47 percent); household goods (6 percent vs 3.67 percent) and education (1.13 percent vs 0.84 percent). Meanwhile, inflation slowed slightly for transport (1.03 percent vs 1.21 percent); personal expenses (1.03 percent vs 1.30 percent) and communications (3.42 percent vs 3.70 percent). Clothing costs, however, declined 1.13 percent, after falling 1.70 percent in the prior month. On a monthly basis, consumer prices inched up 1.35 percent, the biggest increase since February of 2003, and above market consensus of 1.21 percent.
2021-01-12
Brazil Inflation Rate Hits 11-Month High
Brazil's consumer price inflation rate rose to 4.31 percent year-on-year in November 2020, the highest since December last year and above market expectations of 4.2 percent, mainly boosted by a 15.94 percent increase in food & beverages prices, the steepest since October 2003. Additional upward pressure came from transport (1.21 percent), housing (1.47 percent), health care (1.53 percent), personal expenses (1.30 percent), education (0.84 percent), and communication (3.70 percent). Clothing costs, however, declined 1.70 percent. On a monthly basis, consumer prices rose 0.89 percent, the biggest increase for a November month since 2015.
2020-12-08
Brazil Inflation Rate Rises to 8-Month High in October
Brazil's annual inflation rate rose 3.92 percent in October 2020 from 3.14 in the previous month and compared with market expectations of 3.90 percent. It was the highest inflation rate since February, as cost of food & beverages increased to an over four-year high (13.88 percent vs 11.79 percent in September). In addition, prices went up further for housing (1.74 percent vs 0.76 percent); and communication (3.38 percent vs 3.15 percent). Also, cost of transport rebounded (0.18 percent vs -0.56 percent); while clothing prices fell at a softer pace (-1.43 percent vs -1.90 percent). On the other hand, prices slowed for personal expenses (2.53 percent vs 2.55 percent); health (1.87 percent vs 1.99 percent); and education (0.94 percent vs 1.01 percent). On a monthly basis, consumer prices advanced 0.86 percent, the most since December last year, after a 0.64 percent gain in the prior month and slightly above forecasts of a 0.83 percent rise.
2020-11-06
Brazil Inflation Rate Rises to 6-Month High in September
Brazil's annual inflation rate increased to 3.14 percent in September 2020 from 2.44 percent in the previous month and above market expectations of 3.03 percent. It was the highest inflation rate since March, as cost of food & beverages rose to a near four-year high (11.79 percent vs 8.83 percent in August). Also, prices advanced further for housing (0.76 percent vs 0.41 percent); personal expenses (2.55 percent vs 2.50 percent); and communication (3.15 percent vs 2.98 percent). In addition, cost dropped less for transport (-0.56 percent vs -1.24 percent); and clothing (-1.90 percent vs -1.99 percent). Meanwhile, prices slowed for health (1.99 percent vs 3.25 percent); and education (1.01 percent vs 1.14 percent). On a monthly basis, consumer prices went up 0.64 percent, the most since December last year, following a 0.24 percent gain in the prior month and compared with market forecasts of a 0.54 percent rise.
2020-10-09

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.