The monthly inflation rate in Brazil fell to 0.11 percent in August 2019 from 0.19 percent in the prior month and matching market forecasts. Cost of food & non-alcoholic beverages declined 0.35 percent, after increasing 0.01 percent, in particular tomatoes (-24.49 percent), English potato (-9.11 percent) and vegetables (-6.53 percent). In addition, prices dropped further for transport (-0.39 percent from -0.17 percent), namely flight tickets (-15.66 percent) and slowed for housing (1.19 percent from 1.20 percent) personal expenses (0.31 percent from 0.44 percent) and communication (-0.09 percent from 0.57 percent). Inflation Rate Mom in Brazil averaged 6.41 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 0.60 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 0.30 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.