The annual inflation rate in Brazil decreased to 3.37 percent in June 2019 from 4.66 percent in the previous month but slightly above market consensus of 3.33 percent. It was the lowest inflation rate since May last year, amid a slowdown in cost of food and non-alcoholic beverages, housing and transport. Inflation Rate in Brazil averaged 344.31 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 3.90 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 3.80 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
2019-04-10 12:00 PM Inflation Rate YoY 4.58% 3.89% 3.85% 3.8%
2019-05-10 12:00 PM Inflation Rate YoY 4.94% 4.58% 5% 4.8%
2019-06-07 12:00 PM Inflation Rate YoY 4.66% 4.94% 4.72% 4.6%
2019-07-10 12:00 PM Inflation Rate YoY 3.37% 4.66% 3.33% 3.6%
2019-08-08 12:00 PM Inflation Rate YoY 3.37%
2019-09-06 12:00 PM Inflation Rate YoY
2019-10-09 12:00 PM Inflation Rate YoY 3.9%



Brazil June Inflation Rate at Over 1-Year Low

The annual inflation rate in Brazil decreased to 3.37 percent in June 2019 from 4.66 percent in the previous month but slightly above market consensus of 3.33 percent. It was the lowest inflation rate since May last year, amid a slowdown in cost of food and non-alcoholic beverages, housing and transport.

Year-on-year, prices slowed for food and non-alcoholic beverages (3.99 percent from 6.36 percent in May); transport (2.39 percent from 4.33 percent), in particular fuels (-1.85 percent from 5.07 percent); housing (3.84 percent from 6.34 percent); personal expenses (3.43 percent from 3.61 percent); and household goods (3.47 percent from 3.79 percent). Also, cost of communication dropped further (-0.21 percent from -0.19 percent). Meanwhile, prices advanced at a faster pace for health (4.76 percent from 4.48 percent); and education (4.93 percent from 4.80 percent). Also, cost of clothing and footwear rebounded (0.39 percent from -0.08 percent). 

On a monthly basis, consumer prices increased 0.01 percent, easing from a 0.13 percent gain in the prior month but higher than market expectations of a 0.03 percent decline. Cost of transport decreased (-0.31 percent from 0.07 percent in May), namely fuels (-2.41 percent). In addition, prices increased less for housing (0.07 percent from 0.98 percent); personal expenses (0.15 percent from 0.16 percent); and clothing and footwear (0.30 percent compared to 0.34 percent). On the other hand, cost of food and non-alcoholic beverages declined at a slower pace (-0.25 percent from -0.56 percent), of which tomato (5.25 percent from -15.08 percent), beans (-2.87 percent from -13.04 percent) and fruits (-0.71 percent from -2.87 percent).


IBGE | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/10/2019 12:20:22 PM


News

Brazil Annual Inflation Rate Eases to 4.66% in May
The annual inflation rate in Brazil fell to 4.66 percent in May 2019 from 4.94 percent in the previous month and below market expectations of 4.72 percent. The slowdown was mainly driven by cost of food and non-alcoholic beverages and transport.
Published on 2019-06-07

Brazil April Inflation Rate at Over 2-Year High of 4.94%
The annual inflation rate in Brazil rose to 4.94 percent in April 2019 from 4.58 percent in the previous month and slightly below market expectations of 5.0 percent. It was the highest inflation rate since January 2017, boosted by cost of food and non-alcoholic beverages and transport.
Published on 2019-05-10

Brazil Annual Inflation Rate at Over 2-Year High in March
The annual inflation rate in Brazil increased to 4.58 percent in March 2019 from 3.89 percent in the previous month and above market expectations of 3.85 percent. It was the highest inflation rate since February 2017, mainly driven by cost of food and non-alcoholic beverages and transport.
Published on 2019-04-10

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.
Published on 2019-03-12



Brazil Prices Last Previous Highest Lowest Unit
Inflation Rate 3.37 4.66 6821.31 1.65 percent [+]
Inflation Rate Mom 0.01 0.13 82.39 -0.51 percent [+]
Consumer Price Index CPI 5214.27 5213.75 5214.27 0.00 Index Points [+]
Core Inflation Rate 3.55 3.94 9.45 2.69 percent [+]
GDP Deflator 3.00 3.80 2736.97 3.00 percent [+]
Producer Prices 795.94 789.37 795.94 0.00 Index Points [+]
Export Prices 128.66 127.37 187.34 65.75 Index Points [+]
Import Prices 118.93 117.62 145.42 59.42 Index Points [+]
Food Inflation 3.99 6.36 5266.83 -2.30 percent [+]
Producer Prices Change 7.30 8.20 6719.66 -4.77 percent [+]
CPI Housing Utilities 8979.64 8973.36 8979.64 0.00 Index Points [+]
CPI Transportation 4992.05 5007.57 5007.57 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.37 4.66 6821.31 1.65 1980 - 2019 percent Monthly




Country Last Previous
Argentina 57.30 May/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.40 May/19
China 2.70 Jun/19
Euro Area 1.20 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 May/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 May/19
United States 1.60 Jun/19


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