The annual inflation rate in Brazil increased to 10.25 percent in September from 9.68 percent in August but slightly below market expectations of 10.33 percent. It is the highest reading since February of 2016 as the reopening of the economy, alongside global supply issues, the effects of a weaker currency, and a severe drought continued to weigh on prices. The biggest increases were seen in prices of transportation (17.93 percent), mainly fuels (39.6 percent); housing (14 percent), of which electricity went up 28.82 percent as the worst drought in decades hit hydro dams, one of the country's main sources of power generation; household articles (12.58 percent); and food & drinks (12.54 percent). On a monthly basis, consumer prices jumped 1.16 percent, the most for September since 1994. The cost of housing recorded the biggest increase (2.56 percent), which was mainly influenced by the rise in energy prices (6.47 percent). source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Inflation Rate in Brazil averaged 325.59 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 October of 2021.
Inflation Rate in Brazil is expected to be 7.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Inflation Rate is projected to trend around 4.00 percent in 2022 and 3.25 percent in 2023, according to our econometric models.