Cost of food in Brazil increased 4.21 percent in January of 2019 over the same month in the previous year. It is the highest food inflation rate since February of 2017. Food Inflation in Brazil averaged 272.24 percent from 1990 until 2019, reaching an all time high of 5266.83 percent in June of 1994 and a record low of -2.30 percent in November of 2017.
Food Inflation in Brazil is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Brazil to stand at 4.20 in 12 months time. In the long-term, the Brazil Food Inflation is projected to trend around 3.80 percent in 2020, according to our econometric models.