Brazil Inflation Rate Down to 7.87% in October


Consumer prices in Brazil rose 7.87 percent year-on-year in October of 2016, easing from an 8.48 percent increase in September. It is the lowest inflation rate since February last year and in line with market estimates of 7.9 percent as cost increased less for food, transport and housing.

Prices rose at a slower pace for food and non-alcoholic beverages (12.41 percent compared to 13.33 percent in September), with cost of cereals, pulses and oleaginous recording the biggest gain (54.13 percent). Inflation also eased for transport (5.31 percent compared to 6.33 percent), with fuels slowing sharply (6.98 percent). In addition, housing prices increased at a slower 4.45 percent (4.78 percent), with electricity falling at a faster 6.41 percent. 

On a monthly basis, consumer prices increased 0.26 percent, following a meager 0.08 percent rise in September. Transport recorded the biggest increase (0.75 percent), followed by clothing (0.45 percent) and health and personal care (0.43 percent). In contrast, prices of housing related articles (-0.13 percent) and food (-0.05 percent) edged down. 

Brazil Inflation Rate Down to 7.87% in October


IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
11/9/2016 11:33:42 AM