Brazil Inflation Rate Accelerates in December

In December of 2013, Brazilian annual inflation rate rose 5.91 percent, up from 5.77 percent in November and 5.84 percent a year earlier. While food prices slowed, transport and health prices accelerated the most on the year.

Food prices recorded the highest annual increase (8.48 percent), followed by cost of personal expenses such as tobacco, hotels, hairdresser (8.39 percent) and education (7.94 percent). Transport cost accelerated to 3.29 percent, up from 0.48 percent a year earlier and health prices rose 1 percentage point to 6.95 percent.

On a monthly basis, the inflation rate accelerated to 0.92 percent, the highest rate in more than 10 years. Food prices rose 0.89 percent (0.56 percent in November) and transport cost increased 1.85 percent (0.36 percent in the previous month).

Among regions, Fortaleza, Rio de Janeiro, São Paulo, Brasília and Recife recorded higher annual inflation rates, while Porto Alegre, Goiania, Belo Horizonte, Belem, Curitiba and Salvador recorded rates of inflation lower than 5.92 percent. 

Brazil Inflation Rate Accelerates in December

Joana Taborda |
1/10/2014 11:56:13 AM