The annual inflation rate in Brazil decreased to 10.06 percent in December of 2021 from the 18-year high of 10.74 percent in November, slightly higher than market expectations of 9.97 percent. It was the first decrease in the inflation rate since May of 2020, amid fading low base effects, as consumer prices rose at a slower pace for housing and utilities (13.05 percent vs 15.45 percent in November) and food and non-alcoholic beverages (7.94 percent vs 8.9 percent). Inflation eased for transportation (21.03 percent vs 21.97 percent), mainly driven by fuels (49.02 percent vs 52.77 percent), and household maintenance (12.07 percent vs 12.49 percent). On the other hand, prices accelerated for clothing and footwear (10.31 percent vs 8.72 percent) and healthcare (3.7 percent vs 3.34 percent). On a monthly basis, consumer prices rose by 0.73 percent, easing from 0.95 percent in the previous month but above market forecasts of 0.65 percent. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Inflation Rate in Brazil averaged 323.67 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 January of 2022.

Inflation Rate in Brazil is expected to be 10.50 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 4.25 percent in 2023, according to our econometric models.

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Brazil Inflation Rate


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: Transport (20 percent); Food and beverages (19 percent of the total weight) ; housing (15 percent); health care (13 percent); and personal expenses (11 percent). Also, Communication accounts for 4 percent; education for 6 percent; clothing for 5 percent; household goods 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.
Actual Previous Highest Lowest Dates Unit Frequency
10.06 10.74 6821.31 1.65 1980 - 2021 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-12-10 12:00 PM Nov 10.74% 10.67% 10.88% 10.87%
2022-01-11 12:00 PM Dec 10.06% 10.74% 9.97% 10.24%
2022-02-09 12:00 PM Jan 10.06%


Related Last Previous Unit Reference
Inflation Rate 10.06 10.74 percent Dec/21
Inflation Rate Mom 0.73 0.95 percent Dec/21
Consumer Price Index CPI 6120.04 6075.69 points Dec/21
Food Inflation 7.94 8.90 percent Dec/21
CPI Transportation 6210.61 6174.80 points Dec/21
CPI Housing Utilities 10840.40 10760.77 points Dec/21


News Stream
Brazil Inflation Rate Eases from 18-Year High
The annual inflation rate in Brazil decreased to 10.06 percent in December of 2021 from the 18-year high of 10.74 percent in November, slightly higher than market expectations of 9.97 percent. It was the first decrease in the inflation rate since May of 2020, amid fading low base effects, as consumer prices rose at a slower pace for housing and utilities (13.05 percent vs 15.45 percent in November) and food and non-alcoholic beverages (7.94 percent vs 8.9 percent). Inflation eased for transportation (21.03 percent vs 21.97 percent), mainly driven by fuels (49.02 percent vs 52.77 percent), and household maintenance (12.07 percent vs 12.49 percent). On the other hand, prices accelerated for clothing and footwear (10.31 percent vs 8.72 percent) and healthcare (3.7 percent vs 3.34 percent). On a monthly basis, consumer prices rose by 0.73 percent, easing from 0.95 percent in the previous month but above market forecasts of 0.65 percent.
2022-01-11
Brazil Inflation Rate at 18-Year High
The annual inflation rate in Brazil increased to 10.74 percent in November of 2021 from 10.67 percent in October but below market expectations of 10.88 percent. It was the highest reading since November of 2003, as the reopening of the economy, supply chain issues, weaker currency, and spending cap troubles continued to weigh on prices. The biggest increases were seen in transportation (21.97 percent), mainly driven by fuels (52.77 percent), while further rises took place in housing and utilities (15.45 percent), household maintenance (12.49 percent), food and beverages (8.9 percent), and clothing and footwear (8.72 percent). On a monthly basis, consumer prices rose by 0.95 percent, easing from the 10-month high of 1.25 percent in the previous month and below market expectations of 1.08 percent.
2021-12-10
Brazil Inflation Rate at New 5-Year High
The annual inflation rate in Brazil increased to 10.67 percent in October of 2021 from 10.25 percent in September and above market expectations of 10.45 percent. It was the highest reading since January of 2016 as the reopening of the economy, supply chain issues, weaker currency, and spending cap troubles continued to weigh on prices. The biggest increases were seen in transportation (19.59 percent), mainly fuels (45.26 percent), while further rises took place in housing and utilities (14.77 percent), household maintenance (12.3 percent), and food and beverages (11.6 percent). On a monthly basis, consumer prices accelerated 1.25 percent, the most in 10 months, from a 1.16 percent increase from September and above market expectations of 1.05 percent.
2021-11-10