The annual inflation rate in Brazil rose to 3.89 percent in February of 2019 from 3.78 percent in the previous month. It is the highest inflation rate in three months, mostly due to higher cost of food and non-alcoholic beverages. Inflation Rate in Brazil averaged 347.27 percent from 1980 until 2019, reaching an all time high of 6821.31 percent in April of 1990 and a record low of 1.65 percent in December of 1998.

Inflation Rate in Brazil is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Brazil to stand at 3.90 in 12 months time. In the long-term, the Brazil Inflation Rate is projected to trend around 3.70 percent in 2020, according to our econometric models.

Brazil Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-07 11:00 AM Inflation Rate YoY 4.05% 4.56% 4.19% 4.2%
2019-01-11 11:00 AM Inflation Rate YoY 3.75% 4.05% 3.70% 3.8%
2019-02-08 11:00 AM Inflation Rate YoY 3.78% 3.75% 3.7% 3.7%
2019-03-12 12:00 PM Inflation Rate YoY 3.89% 3.78% 3.7%
2019-04-10 12:00 PM Inflation Rate YoY 3.89% 3.9%
2019-05-10 12:00 PM Inflation Rate YoY 3.8%
2019-06-07 12:00 PM Inflation Rate YoY 3.8%



Brazil Annual Inflation Rate at 3-Month High in February

The annual inflation rate in Brazil rose to 3.89 percent in February of 2019 from 3.78 percent in the previous month. Prices increased further mostly due to higher cost of food and non-alcoholic beverages.

Year-on-year, inflation rose for food and non-alcoholic beverages (5.37 percent from 4.21 percent in January); housing (6.04 percent from 5.87 percent), namely electricity (15.47 percent from 13.96 percent); personal expenses (3.40 percent from 3.38 percent); household goods (4.11 percent from 3.93 percent); health (3.90 percent from 3.79 percent); and clothing and footwear (0.48 percent from 0.43 percent). Meanwhile, prices slowed for transport (1.97 percent from 3.07 percent), mainly due to fuels (-0.59 percent from 1.33 percent); and education (4.85 percent from 5.22 percent). Also, cost of communication fell at a faster pace (-0.29 percent from -0.15 percent). 

On a monthly basis, consumer prices went up 0.43 percent, after increasing 0.32 percent in the prior month and above market expectations of a 0.2 percent gain. Main upwardly pressure came from education (3.53 percent from 0.12 percent in January), reflecting the readjustments practiced at the beginning of the school year, mainly monthly fees of the regular courses; housing (0.38 percent from 0.24 percent), namely electricity (1.14 percent); and health (0.49 percent from 0.26 percent). On the other hand, cost of food and non-alcoholic beverages eased (0.78 percent from 0.9 percent), namely beans (51.58 percent), potatoes (25.21 percent), vegetables (12.13 percent) and milk (2.41 percent) and prices of transport dropped (-0.34 percent from 0.02 percent), driven by air tickets (-16.65 percent) and gasoline (-1.26 percent).


IBGE | Stefanie Moya | stefanie.moya@tradingeconomics.com
3/12/2019 12:32:33 PM


News

Brazil Inflation Rate Barely Unchanged at 3.78%
Annual inflation rate in Brazil was nearly steady at 3.78 percent in January of 2019 from 3.75 percent in December, compared to market expectations of 3.7 percent. Food inflation was the highest since February of 2017 while fuel prices slowed sharply, manly due to gasoline.
Published on 2019-02-08

Brazil December Inflation Rate at 7-Month Low of 3.75%
The annual inflation rate in Brazil dropped to 3.75 percent in December of 2018 from 4.05 percent in November, slightly above market expectations of 3.70 percent. It is the lowest inflation rate since May, as prices slowed mostly for food and fuels. The inflation rate finished 2018 within the central bank target of 4.5 percent plus or minus 1.5 percentage points and above 2.95 percent in 2017.
Published on 2019-01-11

Brazil Inflation Rate Lowest in 6 Months
Annual inflation rate in Brazil eased to 4.05 percent in November of 2018 from 4.56 percent in October and below market expectations of 4.19 percent. It is the lowest inflation rate in six months, due to slowing prices for electricity and fuels. So far this year, inflation was 3.59 percent, above 2.5 percent in the same period of 2017.
Published on 2018-12-07

Brazil October Inflation Rate at Over 1-1/2-Year High
Annual inflation rate in Brazil rose to 4.56 percent in October of 2018 from 4.53 percent in September, below market expectations of 4.66 percent. It is the highest inflation rate since March 2017. Main upward pressure came from prices of food and fuels.
Published on 2018-11-07



Brazil Prices Last Previous Highest Lowest Unit
Inflation Rate 3.89 3.78 6821.31 1.65 percent [+]
Inflation Rate Mom 0.43 0.32 82.39 -0.51 percent [+]
Consumer Price Index CPI 5138.93 5116.93 5138.93 0.00 Index Points [+]
Core Inflation Rate 3.75 3.67 9.45 2.69 percent [+]
GDP Deflator 3.00 3.80 2736.97 3.00 percent [+]
Producer Prices 766.40 752.95 773.77 0.00 Index Points [+]
Export Prices 124.70 129.10 187.34 65.75 Index Points [+]
Import Prices 120.27 125.00 145.42 59.42 Index Points [+]
Food Inflation 5.37 4.21 5266.83 -2.30 percent [+]
Producer Prices Change 7.90 8.80 6719.66 -4.77 percent [+]
CPI Housing Utilities 8842.89 8809.41 8864.46 0.00 Index Points [+]
CPI Transportation 4887.10 4903.77 4966.16 0.00 Index Points [+]


Brazil Inflation Rate

In Brazil, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories of the index are: Food and beverages (26 percent of the total weight); transport (18 percent); housing (15 percent); health care (12 percent); and personal expenses (11 percent). Also, clothing accounts for 6 percent; education for 5 percent; household goods for 4 percent; and communication for 4 percent. Data is collected in the Metropolitan Areas of São Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Belém, Fortaleza, Recife, Salvador and Curitiba and in the cities of Goiânia and Brasília. This page provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Inflation Rate - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.89 3.78 6821.31 1.65 1980 - 2019 percent Monthly




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 3.89 Feb/19
Canada 1.40 Jan/19
China 1.50 Feb/19
Euro Area 1.50 Feb/19
France 1.30 Feb/19
Germany 1.50 Feb/19
India 2.57 Feb/19
Indonesia 2.57 Feb/19
Italy 1.00 Feb/19
Japan 0.20 Jan/19
Mexico 3.94 Feb/19
Netherlands 2.60 Feb/19
Russia 5.20 Feb/19
Saudi Arabia -2.20 Feb/19
Singapore 0.40 Jan/19
South Africa 4.10 Feb/19
South Korea 0.50 Feb/19
Spain 1.10 Feb/19
Switzerland 0.60 Feb/19
Turkey 19.67 Feb/19
United Kingdom 1.90 Feb/19
United States 1.50 Feb/19


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