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. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Inflation Rate in Brazil averaged 331.54 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 January of 2021.
Inflation Rate in Brazil is expected to be 3.50 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 3.00 in 12 months time. In the long-term, the Brazil Inflation Rate is projected to trend around 3.50 percent in 2022, according to our econometric models.