Brazil Inflation Rate Lowest Since August 2010


Consumer prices in Brazil went up 4.57 percent year-on-year in March of 2017, easing from a 4.76 percent rise in February and compared to market expectations of a 4.54 percent increase. The inflation rate slowed for the seventh month to the lowest since August of 2010, remaining slightly above central bank's official target of 4.5 percent.

Prices rose at a slower pace for: food and beverages (4.04 percent from 4.97 percent in February); transport (1.77 percent from 2.81 percent); clothing (2.2 percent from 3.03 percent); health (10.34 percent from 10.44 percent); personal expenses (6.64 percent from 6.72 percent) and furnishings and household equipment (1 percent from 2 percent). In contrast, prices went up faster for housing and utilities (4.47 percent from 2.59 percent); communication (2.74 percent from 1.68 percent) and education (8.3 percent from 7.95 percent).

On a monthly basis, consumer prices increased 0.25 percent, following a 0.33 percent rise in February and compared to market expectations of 0.23 percent. It is the lowest monthly rate for a March month since 2012. Biggest upward pressure came from electricity cost that went up 4.43 percent.

Brazil Inflation Rate Lowest Since August 2010


IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
4/7/2017 12:21:35 PM