Annual inflation rate in Brazil fell for the second straight month to 2.54 percent in October of 2019 from 2.89 percent in September and compared with market expectations of 2.52 percent. It is the lowest inflation rate since September of 2017. On a monthly basis, consumer prices edged up 0.1 percent after being nearly flat in the previous period, mainly due to higher cost for fuels, airline tickets and clothing. Inflation Rate in Brazil averaged 341.38 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. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

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 4.10 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.

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Brazil Inflation Rate
Calendar GMT Actual Previous Consensus TEForecast
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 2.89% 3.43% 2.97% 3.1%
2019-11-07 12:00 PM Inflation Rate YoY Oct 2.54% 2.89% 2.52% 2.5%
2019-12-06 12:00 PM Inflation Rate YoY Nov 2.54% 2.8%



Brazil Inflation Rate at 2-Year Low

Annual inflation rate in Brazil fell for the second straight month to 2.54 percent in October of 2019 from 2.89 percent in September and compared with market expectations of 2.52 percent. It is the lowest inflation rate since September of 2017. On a monthly basis, consumer prices edged up 0.1 percent after being nearly flat in the previous period, mainly due to higher cost for fuels, airline tickets and clothing.

Year-on-year, prices eased for food and non-alcoholic beverages (3.01 percent compared to 3.56 percent in September); transport (0.4 percent compared to 0.87 percent); housing (3.13 percent compared to 3.91 percent), namely electricity (0.99 percent compared to 4.48 percent); personal expenses (3.13 percent compared to 3.17 percent); household goods (1.53 percent compared to 2.39 percent); education (4.72 percent compared to 4.74 percent); and communication (0.35 percent compared to 0.39 percent).

In contrast, cost advanced further for clothing (1.1 percent compared to 0.8 percent) and health (4.34 percent compared to 4.2 percent).

On a monthly basis, the biggest upward pressures came from transport (prices up 0.45 percent after being flat in September), mainly due to fuels (1.38 percent), namely gasoline (1.28 percent) and ethanol (1.9 percent) and airline tickets (1.93 percent after two straight months of falls). Prices also increased faster in October for clothing (0.63 percent compared to 0.27 percent) and personal expenses (0.2 percent compared to 0.04 percent). Also, cost of food and beverages was nearly fat after falling 0.43 percent in September. On the other hand, housing prices fell 0.61 percent after being unchanged in the previous month, mainly due to a 3.22 percent drop in electricity cost amid lower fees.


Joana Taborda | joana.taborda@tradingeconomics.com
11/7/2019 12:27:33 PM



Brazil Prices Last Previous Highest Lowest Unit
Inflation Rate 2.54 2.89 6821.31 1.65 percent [+]
Inflation Rate Mom 0.10 -0.04 82.39 -0.51 percent [+]
Consumer Price Index CPI 5233.07 5227.84 5233.07 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 799.19 792.51 799.19 0.00 Index Points [+]
Export Prices 130.60 131.17 187.34 65.75 Index Points [+]
Import Prices 114.31 117.20 145.42 59.42 Index Points [+]
Food Inflation 3.01 3.56 5266.83 -2.30 percent [+]
Producer Prices Change 3.30 2.60 6719.66 -4.77 percent [+]
CPI Housing Utilities 9141.27 9197.37 9197.37 0.00 Index Points [+]
CPI Transportation 4968.38 4946.12 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 November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.54 2.89 6821.31 1.65 1980 - 2019 percent Monthly




Country Last Previous
Argentina 53.50 Sep/19 53.6
Australia 1.70 Sep/19 1.6
Brazil 2.54 Oct/19 2.89
Canada 1.90 Sep/19 1.9
China 3.80 Oct/19 3
Euro Area 0.70 Oct/19 0.8
France 0.80 Oct/19 0.9
Germany 1.10 Oct/19 1.2
India 4.62 Oct/19 3.99
Indonesia 3.13 Oct/19 3.39
Italy 0.30 Oct/19 0.3
Japan 0.20 Sep/19 0.3
Mexico 3.02 Oct/19 3
Netherlands 2.70 Oct/19 2.6
Russia 3.80 Oct/19 4
Saudi Arabia -0.70 Sep/19 -1.1
Singapore 0.50 Sep/19 0.5
South Africa 4.10 Sep/19 4.3
South Korea 0.00 Oct/19 -0.4
Spain 0.10 Oct/19 0.1
Switzerland -0.30 Oct/19 0.1
Turkey 8.55 Oct/19 9.26
United Kingdom 1.50 Oct/19 1.7
United States 1.80 Oct/19 1.7


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