The annual inflation rate in Brazil eased to 11.73% in May of 2022 from the 2003-high of 12.13% in March, below market expectations of 11.84%. Still, it marked the ninth consecutive month of double-digit inflation. Consumer prices decelerated for housing and utilities (9.57% vs 13.44% in April), largely due to slower increases for residential electricity (5.29% vs 20.52%) and home fuels (29.56% vs 32.29), and furnishings and household maintenance (14.68% vs 15.37%). On the other hand, prices advanced slightly faster for transportation (19.92% vs 19.7%) and food and non-alcoholic beverages (13.51% vs 13.47%). On a monthly basis, consumer prices were up by 0.47%, easing from the 1996-high 1.06% jump in the prior month. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Inflation Rate in Brazil averaged 320.54 percent from 1980 until 2022, 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 July of 2022.
Inflation Rate in Brazil is expected to be 11.75 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 2023 and 3.50 percent in 2024, according to our econometric models.