Brazil Inflation Rate at 9-Month Low


Consumer prices in Brazil increased 9.39 percent year-on-year in March of 2016, following a 10.36 percent rise in the previous month. The inflation rate slowed for the second consecutive month to its lowest since June of 2015 as electricity cost eased.

Housing prices grew at a slower 8.41 percent (14.88 percent in the previous month), mainly due to a slowdown in electricity cost (prices up 6.35 percent following a 34.42 rise in the previous month). Transport inflation also eased (8.07 percent from 8.4 percent) while prices of food and non-alcoholic beverages increased slightly more (13.27 percent from 13.29 percent). 

On a monthly basis, consumer prices went up 0.43 percent, the smallest rise since August last year and the lowest monthly inflation rate for a March month since 2012. The biggest downward pressure came from electricity cost that fell 3.41 percent after a reduction in an extra tariff charged was introduced on March 1st.  

Brazil Inflation Rate at 9-Month Low


Joana Taborda | joana.taborda@tradingeconomics.com
4/8/2016 1:51:13 PM