Brazil Inflation Rate Slows to 14-Month Low

In January of 2014, Brazil’s annual inflation rate slowed to 5.59 percent, the lowest rate since November of 2011. On a monthly basis, inflation decelerated to 0.55 percent, mainly due to lower transport prices. Since the beginning of 2014, the CPI includes two new regions, Vitória and Campo Grande.

Among food prices, sugar recorded the highest annual drop (-11.81 percent), followed by onions (-6.4 percent) and rice (-3.76 percent). In contrast, carrots rose the most (22.25 percent).

Month-over-month, food prices slowed to 0.85 percent, from 0.89 percent in December. Household articles eased to 0.49 percent from 0.89 percent a month earlier and clothing and footwear recorded the highest drop (-0.15 percent). Transport prices dropped 0.03 percent, after rising 1.85 percent in December.

Among regions, Curitiba, Belo Horizonte, Recife, São Paulo, Rio de Janeiro and Fortaleza recorded higher annual inflation rates, while Salvador, Goiânia, Vitória, Campo Grande, Brasília, Belém, Porto Alegre and Salvador recorded rates of inflation lower than 5.59 percent.

Brazil Inflation Rate Slows to 14-Month Low

Joana Taborda |
2/7/2014 11:48:59 AM