Brazil's annual consumer price inflation rate rose to 6.1% in March 2021, the highest since December 2016. Figures were slightly below market consensus of 6.2% but remained well above the upper limit of the central bank target of 5.25%. The inflation spiked in the last 10 months, amid a weaker currency, rising coronavirus infections and high commodity prices. In March, main upward pressure came from food and beverages (13.87%), furnishings (9.7%), transport (8.58%), housing (5.1%), and communications (2.86%). Among the country's largest metropolitan regions, the highest inflation rates were recorded in Belo Horizonte (6.56%), Curitiba (6.48%), Porto Alegre (6.36%), São Paulo (5.61%), and Rio de Janeiro (4.97%). On a monthly basis, consumer prices rose 0.93%, below 1.03% forecasted. It is the highest monthly rate for a March month since 2015. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Inflation Rate in Brazil averaged 329.52 percent from 1980 until 2021, 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 April of 2021.

Inflation Rate in Brazil is expected to be 7.00 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 4.00 in 12 months time. In the long-term, the Brazil Inflation Rate is projected to trend around 3.50 percent in 2022 and 3.60 percent in 2023, according to our econometric models.

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Brazil Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.10 5.20 6821.31 1.65 1980 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-12 12:00 PM Dec 4.52% 4.31% 4.38% 4.5%
2021-02-09 12:00 PM Jan 4.56% 4.52% 4.61% 4.7%
2021-03-11 12:00 PM Feb 5.20% 4.56% 5.06% 5%
2021-04-09 12:00 PM Mar 6.1% 5.2% 6.2% 6%
2021-05-11 12:00 PM Apr 6.1%
2021-06-09 12:00 PM May
2021-07-08 12:00 PM Jun 7%
2021-08-10 12:00 PM Jul
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Brazil Inflation Rate Tops 6%
Brazil's annual consumer price inflation rate rose to 6.1% in March 2021, the highest since December 2016. Figures were slightly below market consensus of 6.2% but remained well above the upper limit of the central bank target of 5.25%. The inflation spiked in the last 10 months, amid a weaker currency, rising coronavirus infections and high commodity prices. In March, main upward pressure came from food and beverages (13.87%), furnishings (9.7%), transport (8.58%), housing (5.1%), and communications (2.86%). Among the country's largest metropolitan regions, the highest inflation rates were recorded in Belo Horizonte (6.56%), Curitiba (6.48%), Porto Alegre (6.36%), São Paulo (5.61%), and Rio de Janeiro (4.97%). On a monthly basis, consumer prices rose 0.93%, below 1.03% forecasted. It is the highest monthly rate for a March month since 2015.
2021-04-09
Brazil Inflation Rate at Over 4-Year High
Brazil's annual consumer price inflation rate rose to 5.20 percent in February 2021, the highest since January 2017 and above the market consensus of 5.06 percent. Main upward pressure came from food and beverages (15.00 percent), furnishings (7.78 percent), housing (4.39 percent), transport (3.66 percent), and healthcare (2.05 percent). Among the country's largest metropolitan regions, the highest inflation rates were recorded in Belo Horizonte (5.37 percent), Curitiba (5.23 percent), Porto Alegre (5.03 percent), São Paulo (4.93 percent), and Rio de Janeiro (4.64 percent). On a monthly basis, consumer prices rose 0.86 percent, higher than the 0.72 percent forecast. It is the highest monthly rate for a February month since 2016.
2021-03-11
Brazil Inflation Rate Hits 1-1/2-Year High
Brazil's consumer price inflation rate rose to 4.56 percent year-on-year in January 2021, the highest since May 2019 and compared with market consensus of 4.61 percent. Main upward pressure came from food and beverages (14.81 percent), housing (3.56 percent), transport (1.12 percent), health care (2.15 percent), and personal expenses (1.07 percent). Meanwhile, cost for clothing dropped 0.72 percent. Among the country's largest metropolitan regions, the highest inflation rates were recorded in Belo Horizonte (5.13 percent), Curitiba (4.35 percent), São Paulo (4.30 percent), Porto Alegre (4.30 percent), and Rio de Janeiro (4.22 percent). On a monthly basis, consumer prices rose 0.25 percent in January, less than the 0.31 percent forecast.
2021-02-09
Brazil December Inflation Rate Above Forecasts
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.
2021-01-12

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.