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.

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Brazil Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.68 8.99 6821.31 1.65 1980 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-09 12:00 PM May 8.06% 6.76% 7.93% 7.9%
2021-07-08 12:00 PM Jun 8.35% 8.06% 8.4% 8.5%
2021-08-10 12:00 PM Jul 8.99% 8.35% 8.98% 9%
2021-09-09 12:00 PM Aug 9.68% 8.99% 9.5% 9.5%
2021-10-08 12:00 PM Sep 9.68% 10.3%
2021-11-10 12:00 PM Oct
2021-12-10 12:00 PM Nov


News Stream
Brazil Inflation Rate Hits New 5-Year High
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).
2021-09-09
Brazil Inflation Rate Highest since 2016
The annual inflation rate in Brazil quickened to 8.99% in July of 2021 from 8.35% in June, broadly in line with market forecasts of 8.98%. The inflation accelerated for the 14th consecutive month to the highest since May of 2016, reflecting the reopening of the economy, alongside global supply issues, the effects of a weaker currency and a severe drought. Biggest increases were seen in transportation (15.90%), on account of fuels (41.30%); food and drinks (13.25%); household articles (12.21%), namely TV, sound and computers (15.57%); and housing (11.21%), of which electricity (20.09%) as the worst drought in decades hits hydro dams, one of the country's main sources of power generation. On a monthly basis, consumer prices inched up 0.96%, the most in seven months, with housing recording the biggest increase (3.1%), almost in line with market forecasts of 0.94%.
2021-08-10
Brazil Inflation Rate Highest since 2016
Annual inflation rate in Brazil edged up 8.35% in June of 2021 from 8.06% in May, and in line with market forecasts of 8.4%. The inflation accelerated for the 13th consecutive month to the highest since September of 2016, due to the effects of the coronavirus pandemic. Biggest increases were seen in transportation (15.05 percent), namely fuels (43.92 percent); food and drinks (12.59 percent); household articles (12.35 percent), namely TV, sound and computers (17.51 percent); and housing (8.72 percent). On a monthly basis, consumer prices increased 0.53 percent, with housing recording the biggest impact.
2021-07-08
Brazil Inflation Rate Above Expectations in May
Brazil’s annual inflation rate climbed to 8.06% in May of 2021, the highest since September of 2016, and beating market expectations of 7.93% mostly due to the base effect as prices remained subdued last year due to COVID-19 restrictions. The main upward pressure came from food and beverages (12.54%), transport (14.94%), household items (12.59%), and housing (7.58%). Among the country's largest metropolitan regions, the highest inflation rates were recorded in Curitiba (9.86%), Rio de Janeiro (9.57%), Belo Horizonte (8.68%), Porto Alegre (8.20%), and São Paulo (7.28%). On a monthly basis, consumer prices went up 0.83%, faster than forecasts of a 0.71% rise.
2021-06-09

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: Transport (20 percent); Food and beverages (19 percent of the total weight) ; housing (15 percent); health care (13 percent); and personal expenses (11 percent). Also, Communication accounts for 4 percent; education for 6 percent; clothing for 5 percent; household goods 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.