The monthly inflation rate in Brazil went up 0.75 percent in March 2019 from 0.43 percent in the prior month and above market consensus of 0.39 percent. Main upwardly pressure came from food and non-alcoholic beverages (1.37 percent compared to 0.78 percent in February), namely tomatoes (31.84 percent), potatoes (21.11 percent), beans (12.93 percent) and fruits (4.26 percent); and transport (1.44 percent compared to -0.34 percent), boosted by fuels (3.49 percent), air tickets (7.29 percent) and bus tickets (0.90 percent); and clothing and footwear (0.45 percent compared to -0.33 percent). Meanwhile, cost of communication dropped 0.22 percent, after a flat reading in February. Inflation Rate Mom in Brazil averaged 6.48 percent from 1980 until 2019, 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 -0.20 in 12 months time. In the long-term, the Brazil Inflation Rate MoM is projected to trend around 0.20 percent in 2020, according to our econometric models.