Consumer prices in Brazil went up 0.45 percent month-over-month in October 2018, easing from a 0.48 percent increase in September and below market consensus of a 0.55 percent rise. Prices advanced at a slower pace mainly for transport (0.92 percent vs 1.69 percent), namely ethanol (4.07 percent vs 5.42 percent), diesel oil (2.45 percent vs 6.91 percent), gasoline (2.18 percent vs 3.94 percent) and air fares (7.49 percent vs 16.81 percent). Also, monthly inflation softened for housing (0.14 percent vs 0.32 percent), including rents (0.11 percent vs 0.25 percent) and electricity (0.12 percent vs 0.46 percent). In contrast, cost rose faster for food & non-alcoholic beverages (0.59 percent vs 0.10 percent), of which tomato (51.27 percent), English potatoes (13.67 percent) and chicken (1.95 percent). Inflation Rate Mom in Brazil averaged 6.54 percent from 1980 until 2018, reaching an all time high of 82.39 percent in March of 1990 and a record low of -0.51 percent in August of 1998.
Inflation Rate Mom in Brazil is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Brazil to stand at 0.60 in 12 months time. In the long-term, the Brazil Inflation Rate MoM is projected to trend around 0.40 percent in 2020, according to our econometric models.