The annual inflation rate in Brazil eased for the fifth straight month to hit 4.50% in February 2023, the lowest in seven months, coming slightly above market forecasts of 4.44%. Prices slowed down primarily for housing & utilities (4.40% vs 4.98%); clothing & footwear (3.14% vs 3.34%); health & personal care (6.66% vs 7.29%) and education (6.88% vs 8.20%). On the other hand, faster increases were seen for food & beverages (2.62% vs 1.82%) and transportation (6.24% vs 5.86%). Monthly, consumer prices inched up by 0.83% in February, the most in a year, slightly above market estimates of a 0.78% rise. In particular, education costs surged by 4.98%, attributed to a seasonal increase in tuition fees, while fuel expenses rebounded by 2.93%, impacted by the rise in the ICMS (state tax). February figures are typically affected by education-related prices, due to the return to lessons for the new school year and the updating of tuition fees. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Inflation Rate in Brazil decreased to 4.50 percent in February from 4.51 percent in January of 2024. Inflation Rate in Brazil averaged 307.80 percent from 1980 until 2024, 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 March of 2024.

Inflation Rate in Brazil decreased to 4.50 percent in February from 4.51 percent in January of 2024. Inflation Rate in Brazil is expected to be 3.80 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 3.20 percent in 2025 and 3.00 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-08 12:00 PM
Inflation Rate YoY
Jan 4.51% 4.62% 4.42% 4.5%
2024-03-12 12:00 PM
Inflation Rate YoY
Feb 4.5% 4.51% 4.44% 4.3%
2024-04-10 12:00 PM
Inflation Rate YoY
Mar 4.5% 3.8%


Related Last Unit Reference
Consumer Price Index CPI 6858.17 points Feb 2024
CPI Housing Utilities 11458.40 points Feb 2024
CPI Transportation 6571.67 points Feb 2024
Food Inflation 2.62 percent Feb 2024
Inflation Rate YoY 4.50 percent Feb 2024
Inflation Rate MoM 0.83 percent Feb 2024
IPCA mid-month CPI MoM 0.36 percent Mar 2024
IPCA mid-month CPI YoY 4.14 percent Mar 2024

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.51 6821.31 1.65 1980 - 2024 percent Monthly

News Stream
Brazil Inflation Rate Slightly Above Estimates
The annual inflation rate in Brazil eased for the fifth straight month to hit 4.50% in February 2023, the lowest in seven months, coming slightly above market forecasts of 4.44%. Prices slowed down primarily for housing & utilities (4.40% vs 4.98%); clothing & footwear (3.14% vs 3.34%); health & personal care (6.66% vs 7.29%) and education (6.88% vs 8.20%). On the other hand, faster increases were seen for food & beverages (2.62% vs 1.82%) and transportation (6.24% vs 5.86%). Monthly, consumer prices inched up by 0.83% in February, the most in a year, slightly above market estimates of a 0.78% rise. In particular, education costs surged by 4.98%, attributed to a seasonal increase in tuition fees, while fuel expenses rebounded by 2.93%, impacted by the rise in the ICMS (state tax). February figures are typically affected by education-related prices, due to the return to lessons for the new school year and the updating of tuition fees.
2024-03-12
Brazil Inflation Falls Less than Expected
The annual inflation rate in Brazil eased slightly to 4.51% in January of 2024 from 4.62% in the previous month, overshooting market expectations of 4.42%. Despite pointing to a six-month low, the reading jumped ahead of this year’s central bank upper target range of 4.5%, adding to doubts on how long the monetary authority will hold its cutting momentum. The CPI accelerated for food and beverages (1.82% vs 1.03% in December), healthcare and personal wellbeing (7.29% vs 6.58%), and clothing and apparel (3.34% vs 2.92%). On the other hand, inflation slowed for housing and utilities (4.98% vs 5.06%) and transportation (7.14% 5.86%). From the previous month, the CPI advanced by 0.42%, slowing slightly from the eight-month high of 0.56% in the earlier month.
2024-02-08
Brazil Inflation Slows Less than Expected
The annual inflation rate in Brazil eased slightly to 4.62% in December of 2023 from 4.68% in the previous month, overshooting market expectations of 4.54% to close the year well above the central bank’s target of 3.25%, but within the tolerance band of 4.75%. Consumer prices decelerated for healthcare (6.58% vs 5.56% in November), personal spending (5.42% vs 5.56%), and articles of clothing. On the other hand, inflation picked up for transportation (7.14% vs 6.85%), food and beverages (1.03% vs 0.57%), and housing and utilities (5.06% vs 4.92%) amid fading base effects for energy prices. On a monthly basis, the Brazilian CPI jumped by 0.56% from the 0.28% increase in the previous month, marking the sharpest rate of monthly inflation since April.
2024-01-11