Brazil Inflation Rate1980-2020 Data | 2021-2022 Forecast | Calendar | Historical

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.

Brazil's annual inflation rate eased to 2.4 percent in April 2020 from 3.3 percent in the previous and below market expectations of 2.5 percent. That was the lowest inflation rate since February 1999, as a sharp depreciation in the real was offset by a fall in fuel prices amid the coronavirus pandemic.

The annual inflation rate in Brazil dropped to 3.3 percent in March 2020 from 4.0 percent in the previous month and slightly below market forecast of 3.38 percent. Prices eased for food & beverages (4.87% vs 5.12% in February); transport (1.61% vs 4%); housing (3.29% vs 3.41%); health (4.83% vs 5.05%); personal expenses (4.13% vs 4.53%); and clothing (0.77% vs 1.01%). Meanwhile, cost rose further for education (5.25% vs 4.96%) and communication (1.62% vs 1.36%). On a monthly basis, consumer prices went up 0.07 percent, slowing from a 0.25 percent gain in the prior month. It was the lowest monthly inflation rate for a March month since the country’s “Real Plan” that was launched in 1994, as cost of personal expenses fell (-0.23% vs 0.31%) and prices declined at a faster pace for transport (0.9% vs -0.23%) and household equipment (-1.08% vs -0.08%). In contrast, cost of housing rebounded (0.13% vs -0.39%) and food & beverages prices advanced further (1.13% vs 0.11%).

The annual inflation rate in Brazil fell to 4.0 percent in February 2020 from 4.19 percent in January but above market expectations of 3.9 percent. Prices slowed for food & beverages (5.12% vs 5.83% in January); housing (3.41% vs 4.21%) and clothing (1.01% vs 1.42%). In contrast, cost advanced further for transport (4% vs 3.88%); personal expenses (4.53% vs 4.4%); health (5.05% vs 4.81%); education (4.96% vs 4.79%); and communication (1.36% vs 1.15%). On a monthly basis, consumer prices rose 0.25 percent, after a 0.21 percent gain in January and above forecasts of a 0.15 percent increase. It was the lowest monthly inflation rate for a February month since 2000, as cost dropped for transport (-0.23% vs 0.32%) and housing (-0.39% vs 0.55%). Also, prices fell further for clothing (-0.73% vs -0.48%) and furnishing and household equipment (-0.08% vs -0.07%); and eased for food & beverages (0.11% vs 0.39%) and personal expenses (0.31% vs 0.35%).