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. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Inflation Rate in Brazil averaged 328.20 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 June of 2021.
Inflation Rate in Brazil is expected to be 8.80 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 4.90 in 12 months time. In the long-term, the Brazil Inflation Rate is projected to trend around 4.00 percent in 2022 and 3.50 percent in 2023, according to our econometric models.