News

Brazil Inflation Rate Hits 1-1/2-Year High
Brazil's consumer price inflation rate rose to 4.56 percent year-on-year in January 2021, the highest since May 2019 and compared with market consensus of 4.61 percent. Main upward pressure came from food and beverages (14.81 percent), housing (3.56 percent), transport (1.12 percent), health care (2.15 percent), and personal expenses (1.07 percent). Meanwhile, cost for clothing dropped 0.72 percent. Among the country's largest metropolitan regions, the highest inflation rates were recorded in Belo Horizonte (5.13 percent), Curitiba (4.35 percent), São Paulo (4.30 percent), Porto Alegre (4.30 percent), and Rio de Janeiro (4.22 percent). On a monthly basis, consumer prices rose 0.25 percent in January, less than the 0.31 percent forecast.
Published on 2021-02-09

Brazil December Inflation Rate Above Forecasts
Brazil's annual inflation rate rose for the seventh straight month to 4.52 percent in December of 2020, the highest since April of 2019 and beating market expectations of 4.38 percent. Food & beverages inflation stood at 14.09 percent, remaining close to a 17-year high of 15.94 percent reached in November. Additional upward pressure came from prices of housing (5.25 percent vs 1.47 percent); household goods (6 percent vs 3.67 percent) and education (1.13 percent vs 0.84 percent). Meanwhile, inflation slowed slightly for transport (1.03 percent vs 1.21 percent); personal expenses (1.03 percent vs 1.30 percent) and communications (3.42 percent vs 3.70 percent). Clothing costs, however, declined 1.13 percent, after falling 1.70 percent in the prior month. On a monthly basis, consumer prices inched up 1.35 percent, the biggest increase since February of 2003, and above market consensus of 1.21 percent.
Published on 2021-01-12

Brazil Inflation Rate Hits 11-Month High
Brazil's consumer price inflation rate rose to 4.31 percent year-on-year in November 2020, the highest since December last year and above market expectations of 4.2 percent, mainly boosted by a 15.94 percent increase in food & beverages prices, the steepest since October 2003. Additional upward pressure came from transport (1.21 percent), housing (1.47 percent), health care (1.53 percent), personal expenses (1.30 percent), education (0.84 percent), and communication (3.70 percent). Clothing costs, however, declined 1.70 percent. On a monthly basis, consumer prices rose 0.89 percent, the biggest increase for a November month since 2015.
Published on 2020-12-08

Brazil Inflation Rate Rises to 8-Month High in October
Brazil's annual inflation rate rose 3.92 percent in October 2020 from 3.14 in the previous month and compared with market expectations of 3.90 percent. It was the highest inflation rate since February, as cost of food & beverages increased to an over four-year high (13.88 percent vs 11.79 percent in September). In addition, prices went up further for housing (1.74 percent vs 0.76 percent); and communication (3.38 percent vs 3.15 percent). Also, cost of transport rebounded (0.18 percent vs -0.56 percent); while clothing prices fell at a softer pace (-1.43 percent vs -1.90 percent). On the other hand, prices slowed for personal expenses (2.53 percent vs 2.55 percent); health (1.87 percent vs 1.99 percent); and education (0.94 percent vs 1.01 percent). On a monthly basis, consumer prices advanced 0.86 percent, the most since December last year, after a 0.64 percent gain in the prior month and slightly above forecasts of a 0.83 percent rise.
Published on 2020-11-06

Brazil Inflation Rate Rises to 6-Month High in September
Brazil's annual inflation rate increased to 3.14 percent in September 2020 from 2.44 percent in the previous month and above market expectations of 3.03 percent. It was the highest inflation rate since March, as cost of food & beverages rose to a near four-year high (11.79 percent vs 8.83 percent in August). Also, prices advanced further for housing (0.76 percent vs 0.41 percent); personal expenses (2.55 percent vs 2.50 percent); and communication (3.15 percent vs 2.98 percent). In addition, cost dropped less for transport (-0.56 percent vs -1.24 percent); and clothing (-1.90 percent vs -1.99 percent). Meanwhile, prices slowed for health (1.99 percent vs 3.25 percent); and education (1.01 percent vs 1.14 percent). On a monthly basis, consumer prices went up 0.64 percent, the most since December last year, following a 0.24 percent gain in the prior month and compared with market forecasts of a 0.54 percent rise.
Published on 2020-10-09

Brazil Inflation Rate Edges Up to 5-Month High
Brazil's annual inflation rate rose to 2.44 percent in August 2020 from 2.31 percent in the previous month and compared with market forecasts of 2.42 percent. Prices increased further for food & beverages (8.83 percent vs 7.61 percent in July); health (3.25 percent vs 2.70 percent); and communication (2.98 percent vs 2.39 percent). Also, cost of transport fell less (-1.24 percent vs -2.43 percent). On the other hand, prices eased for housing (0.41 percent vs 1.24 percent); personal expenses (2.5 percent vs 2.84 percent); and education (1.14 percent vs 4.95 percent). In addition, cost of clothing dropped at a faster pace (-1.99 percent vs -1 percent). On a monthly basis, consumer prices went up 0.24 percent, slowing from a 0.36 percent gain in the prior month and compared with market expectations of a 0.23 percent rise.
Published on 2020-09-09

Brazil Inflation Rate Rises to 3-Month High in July
Brazil's annual inflation rate rose to 2.31 percent in July 2020 from 2.13 percent in the previous month, matching market expectations. Cost of health advanced further (2.70 percent vs 2.05 percent in June); while transport prices fell at a softer pace (-2.43 percent vs -3.35 percent). Meantime, inflation was steady for food & beverages (at 7.61 percent); and prices eased for housing (1.24 percent vs 1.65 percent); personal expenses (2.84 percent vs 3.4 percent); education (4.95 percent vs 5.11 percent) and communication (2.39 percent vs 2.45 percent). Also, cost of clothing continued to drop (-1 percent). On a monthly basis, consumer prices went up 0.36 percent, the most since December last year, following a 0.26 percent gain in the prior month and compared with market consensus of a 0.35 percent increase.
Published on 2020-08-07

Brazil Inflation Rate Rises from Over 21-Year Low
Brazil's annual inflation rate rose to 2.13 percent in June 2020 from an over 21-year low of 1.88 percent in the previous month, but slightly below market expectations of 2.16 percent. Prices increased further for food & beverages (7.61 percent vs 6.94 percent in May); and communication (2.45 percent vs 1.67 percent). In addition, cost of transport dropped less (-3.35 percent vs -3.95 percent). Meanwhile, prices slowed for housing (1.65 percent vs 1.68 percent); health (2.05 percent vs 2.34 percent); personal expenses (3.4 percent vs 3.6 percent); and education (5.11 percent vs 5.2 percent). Also, cost of clothing fell at a faster pace (-1 percent vs -0.23 percent). On a monthly basis, consumer prices went up 0.26 percent, rebounding from a 0.38 percent gain in the prior month and compared with market forecasts of a 0.29 percent rise.
Published on 2020-07-10

Brazil Inflation Rate at Over 21-Year Low
Brazil's annual inflation rate slowed to 1.88 percent in May 2020 from 2.4 percent in the previous month, but slightly above market expectations of 1.8 percent. That was the lowest inflation rate since January 1999, well below the government's mid-point target of 4 percent, mainly due to a fall in fuel prices amid the coronavirus pandemic. On a monthly basis, consumer prices declined 0.38 percent in May, the largest drop since August 1998.
Published on 2020-06-10

Brazil Inflation Rate Drops to 21-Year Low
Brazil's annual inflation rate eased to 2.4 percent in April 2020 from 3.3 percent in the previous and below market expectations of 2.5 percent. That was the lowest inflation rate since February 1999, as a sharp depreciation in the real was offset by a fall in fuel prices amid the coronavirus pandemic.
Published on 2020-05-08

Brazil Inflation Rate Slows to 4-Month Low in March
The annual inflation rate in Brazil dropped to 3.3 percent in March 2020 from 4.0 percent in the previous month and slightly below market forecast of 3.38 percent. Prices eased for food & beverages (4.87% vs 5.12% in February); transport (1.61% vs 4%); housing (3.29% vs 3.41%); health (4.83% vs 5.05%); personal expenses (4.13% vs 4.53%); and clothing (0.77% vs 1.01%). Meanwhile, cost rose further for education (5.25% vs 4.96%) and communication (1.62% vs 1.36%). On a monthly basis, consumer prices went up 0.07 percent, slowing from a 0.25 percent gain in the prior month. It was the lowest monthly inflation rate for a March month since the country’s “Real Plan” that was launched in 1994, as cost of personal expenses fell (-0.23% vs 0.31%) and prices declined at a faster pace for transport (0.9% vs -0.23%) and household equipment (-1.08% vs -0.08%). In contrast, cost of housing rebounded (0.13% vs -0.39%) and food & beverages prices advanced further (1.13% vs 0.11%).
Published on 2020-04-09

Brazil February Inflation Rate Eases to 3-Month Low
The annual inflation rate in Brazil fell to 4.0 percent in February 2020 from 4.19 percent in January but above market expectations of 3.9 percent. Prices slowed for food & beverages (5.12% vs 5.83% in January); housing (3.41% vs 4.21%) and clothing (1.01% vs 1.42%). In contrast, cost advanced further for transport (4% vs 3.88%); personal expenses (4.53% vs 4.4%); health (5.05% vs 4.81%); education (4.96% vs 4.79%); and communication (1.36% vs 1.15%). On a monthly basis, consumer prices rose 0.25 percent, after a 0.21 percent gain in January and above forecasts of a 0.15 percent increase. It was the lowest monthly inflation rate for a February month since 2000, as cost dropped for transport (-0.23% vs 0.32%) and housing (-0.39% vs 0.55%). Also, prices fell further for clothing (-0.73% vs -0.48%) and furnishing and household equipment (-0.08% vs -0.07%); and eased for food & beverages (0.11% vs 0.39%) and personal expenses (0.31% vs 0.35%).
Published on 2020-03-11

Brazil Inflation Rate Weaker than Expected in January
Brazil's consumer price inflation dropped to 4.19 percent year-on-year in January 2020 from a seven-month high of 4.31 percent in the previous month and below market expectations of 4.32 percent. The highest rates were recorded in Belém (5.61 percent), Fortaleza (5.14 percent) and Goiânia (4.65 percent), while the lowest were seen in Vitória (3.31 percent), Brasília (3.57 percent) and Rio de Janeiro (3.60 percent). Prices rose at a softer pace for food & beverages (5.83 percent vs 6.37 percent), health (4.81 percent vs 5.41 percent) and personal expenses (4.40 percent vs 4.67 percent). Meanwhile, inflation picked up for transport (3.88 percent vs 3.57 percent), housing (4.21 percent vs 3.90 percent), communication (1.15 percent vs 1.07 percent), clothing (1.42 percent vs 0.74 percent) and education (4.79 percent vs 4.75 percent).
Published on 2020-02-07

Brazil Inflation Rate Jumps to 7-Month High
Brazil's consumer price inflation rose to 4.31 percent year-on-year in December 2019 from 3.27 percent in the previous month and above market expectations of 4.23 percent. That was the highest rate since May, driven by food & beverages (6.37 percent vs 3.35 percent in November), transport (3.57 percent vs 1.45 percent), health (5.41 percent vs 5.30 percent), personal expenses (4.67 percent vs 4.02 percent), and communication (1.07 percent vs 0.41 percent). Meanwhile, inflation slowed for housing (3.90 percent vs 4.60 percent), clothing (0.74 percent vs 1.89 percent), and education (4.75 percent vs 4.77 percent). On a monthly basis, consumer prices climbed 1.15 percent, the highest rate for a December month since 2002, mainly boosted by food & beverages, transport and personal expenses. Considering 2019 full year, the average inflation picked up to 4.31 percent from 3.75 percent in 2018.
Published on 2020-01-10

Brazil November Inflation Rate Rises to 3-Month High
The annual inflation rate in Brazil rose to 3.27 percent in November 2019 from 2.54 percent in the previous month and above market expectations of a 3.23 percent gain boosted by food & beverages and transportation. On a monthly basis, consumer prices went up 0.51 percent, after a 0.1 percent rise in October and compared with forecasts of a 0.46 percent increase. It was the biggest gain for a November month since 2015, driven by food & beverages and personal expenses (1.24 percent from 0.20 percent), led by gambling due to readjustments in betting prices effective from November 10th.
Published on 2019-12-06

Brazil Inflation Rate at 2-Year Low
Annual inflation rate in Brazil fell for the second straight month to 2.54 percent in October of 2019 from 2.89 percent in September and compared with market expectations of 2.52 percent. It is the lowest inflation rate since September of 2017. On a monthly basis, consumer prices edged up 0.1 percent after being nearly flat in the previous period, mainly due to higher cost for fuels, airline tickets and clothing.
Published on 2019-11-07

Brazil Inflation Rate Slows to 16-Month Low in September
The annual inflation rate in Brazil dropped to 2.89 percent in September 2019 from 3.43 percent in August and below market forecasts of 2.97 percent. It was the lowest inflation rate since May last year, amid a slowdown in cost of food & non-alcoholic beverages, transport and housing.
Published on 2019-10-09

Brazil Inflation Rate Rises to 3-Month High in August
The annual inflation rate in Brazil rose to 3.43 percent in August 2019 from 3.22 percent in the previous month and slightly below market consensus of 3.44 percent. Prices went up further mainly due to cost of transport and housing. On a monthly basis, consumer prices increased 0.11 percent, easing from a 0.19 percent gain in July and matching expectations.
Published on 2019-09-06

Brazil Inflation Rate Dips Further to 3.22% in July
The annual inflation rate in Brazil fell to 3.22 percent in July 2019 from 3.37 percent in the previous month and below market expectations of 3.28 percent. It was the lowest inflation rate since May last year, as prices slowed mostly for transport and housing.
Published on 2019-08-08

Brazil June Inflation Rate at Over 1-Year Low
The annual inflation rate in Brazil decreased to 3.37 percent in June 2019 from 4.66 percent in the previous month but slightly above market consensus of 3.33 percent. It was the lowest inflation rate since May last year, amid a slowdown in cost of food and non-alcoholic beverages, housing and transport. On a monthly basis, consumer prices rose 0.01 percent, easing from a 0.13 percent gain in May but higher than market expectations of a 0.03 percent fall.
Published on 2019-07-10