Brazil's annual inflation rate increased to 3.14 percent in September 2020 from 2.44 percent in the previous month and above market expectations of 3.03 percent. It was the highest inflation rate since March, as cost of food & beverages rose to a near four-year high (11.79 percent vs 8.83 percent in August). Also, prices advanced further for housing (0.76 percent vs 0.41 percent); personal expenses (2.55 percent vs 2.50 percent); and communication (3.15 percent vs 2.98 percent). In addition, cost dropped less for transport (-0.56 percent vs -1.24 percent); and clothing (-1.90 percent vs -1.99 percent). Meanwhile, prices slowed for health (1.99 percent vs 3.25 percent); and education (1.01 percent vs 1.14 percent). On a monthly basis, consumer prices went up 0.64 percent, the most since December last year, following a 0.24 percent gain in the prior month and compared with market forecasts of a 0.54 percent rise. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Inflation Rate in Brazil averaged 333.60 percent from 1980 until 2020, 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 2020.
Inflation Rate in Brazil is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Brazil to stand at 3.00 in 12 months time. In the long-term, the Brazil Inflation Rate is projected to trend around 3.00 percent in 2021 and 3.50 percent in 2022, according to our econometric models.