Brazil April Inflation Rate at Over 2-Year High of 4.94%


The annual inflation rate in Brazil rose to 4.94 percent in April 2019 from 4.58 percent in the previous month and slightly below market expectations of 5.0 percent. It was the highest inflation rate since January 2017, boosted by cost of food and non-alcoholic beverages and transport.

Year-on-year, prices increased further for food and non-alcoholic beverages (7.31 percent compared to 6.74 percent in March); transport (4.67 percent compared to 3.7 percent), namely fuels (5.42 percent compared to 2.92 percent); housing (6.18 percent compared to 6.1 percent); personal expenses (4.45 percent compared to 3.51 percent); education (4.91 percent compared to 4.89 percent); and health (4.45 percent compared to 3.84 percent). Also, cost of communication was unchanged, after declining 0.1 percent in March. Meanwhile, cost slowed for household goods (3.84 percent compared to 4.31 percent) and clothing and footwear (0.16 percent compared to 0.6 percent).

On a monthly basis, consumer prices advanced 0.57 percent, easing from a 0.75 percent rise in the prior month and below market forecasts of 0.63 percent. Prices went up at a softer pace for food and non-alcoholic beverages (0.63 percent compared to 1.37 percent in March), namely beans (-9.09 percent) and fruits (-0.71 percent); transport (0.94 percent compared to 1.44 percent), of which air tickets (5.32 percent) and bus tickets (0.74 percent); and clothing and footwear (0.18 percent compared to 0.45 percent). Additionally, cost of household goods decreased 0.24 percent, after a 0.27 percent gain.

 Brazil April Inflation Rate at Over 2-Year High of 4.94%


IBGE | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/10/2019 12:18:34 PM