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.
Inflation Rate in Brazil averaged 336.39 percent from 1980 until 2020, 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. This page provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Inflation Rate in Brazil is expected to be 1.70 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 2.10 in 12 months time. In the long-term, the Brazil Inflation Rate is projected to trend around 3.00 percent in 2021 and 3.50 percent in 2022, according to our econometric models.