The annual inflation rate in Brazil increased to 9.68 percent in August from 8.99 percent in July of 2021, slightly higher than market forecasts of 9.5%. It is the highest reading since February of 2016 as the reopening of the economy, alongside global supply issues, the effects of a weaker currency, and a severe drought continued to weigh on prices. Biggest increases were seen in prices of transportation (16.63 percent), mainly fuels (41.33 percent); food and drinks (13.94 percent); household articles (12.69 percent); and housing (11.57 percent), of which electricity (21.08 percent) as the worst drought in decades hit hydro dams, one of the country's main sources of power generation. On a monthly basis, consumer prices inched up 0.87 percent, higher than market expectations of 0.71 percent and the highest inflation for August since 2000. Cost of transports recorded the biggest increase (1.46 percent), that was mainly influenced by the rise in fuels prices (2.96 percent). source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Inflation Rate in Brazil averaged 326.24 percent from 1980 until 2021, 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 September of 2021.
Inflation Rate in Brazil is expected to be 10.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Inflation Rate is projected to trend around 4.00 percent in 2022 and 3.25 percent in 2023, according to our econometric models.