Brazil's consumer price inflation eased for an eighth consecutive month to 5.60 percent year-on-year in February 2023, the lowest level in two years. Still, the rate came in slightly above market expectations of 5.54 percent and remained well above the central bank's 1.75-4.75 percent target range. Inflation slowed for food and beverages (9.84 percent vs 11.07 percent in January) and personal expenses (7.53 percent vs 7.74 percent), while transport prices continued to fall (-0.73 percent vs -0.64 percent). On the other hand, inflation picked up for housing (0.53 percent vs 0.25 percent) and health and personal care (12.08 percent vs 11.21 percent). On a monthly basis, consumer prices advanced 0.84 percent in February, the most since April 2022. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Inflation Rate in Brazil averaged 314.98 percent from 1980 until 2023, 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 March of 2023.
Inflation Rate in Brazil is expected to be 5.10 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 2024, according to our econometric models.