Brazil's consumer prices climbed 1.15 percent from a month earlier in December 2019, the highest rate for a December month since 2002 and above market expectations of 1.08 percent, mainly boosted by costs of: food & beverages (3.38 percent vs 0.72 percent in November), in particular meat (18.06 percent), whole chicken (5.08 percent) and fish (2.37 percent); transport (1.54 percent vs 0.30 percent) due to fuels (3.57 percent) such as gasoline (3.36 percent) and ethanol (5.50 percent); and personal expenses (0.92 percent vs 1.24 percent) on the back of high gambling (12.88 percent). Inflation Rate Mom in Brazil averaged 6.36 percent from 1980 until 2019, reaching an all time high of 82.39 percent in March of 1990 and a record low of -0.51 percent in August of 1998. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Inflation Rate Mom in Brazil is expected to be -0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Brazil to stand at 0.20 in 12 months time. In the long-term, the Brazil Inflation Rate MoM is projected to trend around 0.20 percent in 2020, according to our econometric models.