Annual inflation rate in Brazil eased to 4.05 percent in November of 2018 from 4.56 percent in October and below market expectations of 4.19 percent. It is the lowest inflation rate in six months, due to slowing prices for electricity and fuels. So far this year, inflation was 3.59 percent, above 2.5 percent in the same period of 2017. Inflation Rate in Brazil averaged 349.53 percent from 1980 until 2018, 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.

Inflation Rate in Brazil is expected to be 4.30 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 4.60 in 12 months time. In the long-term, the Brazil Inflation Rate is projected to trend around 4.20 percent in 2020, according to our econometric models.

Brazil Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-06 12:00 PM Inflation Rate YoY 4.19% 4.48% 4.3% 4.3%
2018-10-05 12:00 PM Inflation Rate YoY 4.53% 4.19% 4.45% 4.4%
2018-11-07 11:00 AM Inflation Rate YoY 4.56% 4.53% 4.66% 4.7%
2018-12-07 11:00 AM Inflation Rate YoY 4.05% 4.56% 4.19% 4.2%
2019-01-11 11:00 AM Inflation Rate YoY 4.05% 4.3%
2019-02-08 11:00 AM Inflation Rate YoY
2019-03-08 12:00 PM Inflation Rate YoY



Brazil Inflation Rate Lowest in 6 Months



Annual inflation rate in Brazil eased to 4.05 percent in November of 2018 from 4.56 percent in October and below market expectations of 4.19 percent. It is the lowest inflation rate in six months, due to slowing prices for electricity and fuels. So far this year, inflation was 3.59 percent, above 2.5 percent in the same period of 2017.

Year-on-year, inflation eased for housing (4.46 percent compared to 6.54 percent), namely electricity (7.46 percent compared to 16.69 percent) and fuels (5.46 percent compared to 6.47 percent); transportation (6.03 percent compared to 7.38 percent); health (4.04 percent compared to 5.13 percent); personal expenses (3.11 percent compared to 3.17 percent); and clothing and footwear (0.31 percent compared to 0.84 percent). On the other hand, inflation picked up for food and non-alcoholic beverages (4.14 percent from 3.33 percent in October), namely tubers, roots and vegetables (26.96 percent compared to 7.88 percent), fruits (12.14 percent compared to 9.84 percent) and bread (6.31 percent compared to 5.54 percent).

On a monthly basis, consumer prices fell 0.21 percent, following a 0.45 percent rise in the previous month and worse than market expectations of a 0.1 percent drop. It is the biggest monthly decline in consumer prices since June of 2017 and the sharpest for a November month since at least 1994. Main downward pressure came from cost of transport (-0.74 percent), mainly due to fuels (-2.42 percent), namely gasoline (-3.07 percent); and housing (-0.71 percent), namely electricity (-4.04 percent) due to changes in tariffs. Prices also went down 0.71 percent for health and personal care, mainly due to personal hygiene items (-4.56 percent). On the other hand, food prices went up 0.39 percent.


IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
12/7/2018 11:27:42 AM



Brazil Prices Last Previous Highest Lowest Unit
Inflation Rate 4.05 4.56 6821.31 1.65 percent [+]
Inflation Rate Mom -0.21 0.45 82.39 -0.51 percent [+]
Consumer Price Index CPI 5092.97 5103.69 5103.69 0.00 Index Points [+]
Core Inflation Rate 3.55 3.79 9.45 2.69 percent [+]
GDP Deflator 3.80 8.30 2736.97 3.80 percent [+]
Producer Prices 760.60 773.77 773.77 0.00 Index Points [+]
Export Prices 133.54 129.58 187.34 65.75 Index Points [+]
Import Prices 120.67 121.60 145.42 59.42 Index Points [+]
Food Inflation 4.13 3.34 5266.83 -2.30 percent [+]
Producer Prices Change 10.80 13.90 6719.66 -4.77 percent [+]
CPI Housing Utilities 8801.52 8864.46 8864.46 0.00 Index Points [+]
CPI Transportation 4929.41 4966.16 4966.16 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.05 4.56 6821.31 1.65 1980 - 2018 percent Monthly




Country Last Previous
Argentina 45.50 Oct/18
Australia 1.90 Sep/18
Brazil 4.05 Nov/18
Canada 2.40 Oct/18
China 2.20 Nov/18
Euro Area 2.00 Nov/18
France 1.90 Nov/18
Germany 2.30 Nov/18
India 3.31 Oct/18
Indonesia 3.23 Nov/18
Italy 1.70 Nov/18
Japan 1.40 Oct/18
Mexico 4.72 Nov/18
Netherlands 2.00 Nov/18
Russia 3.80 Nov/18
Saudi Arabia 2.40 Oct/18
Singapore 0.70 Oct/18
South Africa 5.10 Oct/18
South Korea 2.00 Nov/18
Spain 1.70 Nov/18
Switzerland 0.90 Nov/18
Turkey 21.62 Nov/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


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