The annual inflation rate in Brazil dropped to 3.75 percent in December of 2018 from 4.05 percent in November, slightly above market expectations of 3.70 percent. It is the lowest inflation rate since May, as prices slowed mostly for food and fuels. The inflation rate finished 2018 within the central bank target of 4.5 percent plus or minus 1.5 percentage points and above 2.95 percent in 2017. Inflation Rate in Brazil averaged 348.77 percent from 1980 until 2018, 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.

Inflation Rate in Brazil is expected to be 3.60 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 4.00 in 12 months time. In the long-term, the Brazil Inflation Rate is projected to trend around 3.60 percent in 2020, according to our econometric models.

Brazil Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-05 12:00 PM Inflation Rate YoY 4.53% 4.19% 4.45% 4.4%
2018-11-07 11:00 AM Inflation Rate YoY 4.56% 4.53% 4.66% 4.7%
2018-12-07 11:00 AM Inflation Rate YoY 4.05% 4.56% 4.19% 4.2%
2019-01-11 11:00 AM Inflation Rate YoY 3.75% 4.05% 3.70% 3.8%
2019-02-08 11:00 AM Inflation Rate YoY 3.75%
2019-03-12 12:00 PM Inflation Rate YoY
2019-04-10 12:00 PM Inflation Rate YoY 3.6%



Brazil December Inflation Rate at 7-Month Low of 3.75%

The annual inflation rate in Brazil dropped to 3.75 percent in December of 2018 from 4.05 percent in November, slightly above market expectations of 3.70 percent. It is the lowest inflation rate since May, as prices slowed mostly for food and fuels. The inflation rate finished 2018 within the central bank target of 4.5 percent plus or minus 1.5 percentage points and above 2.95 percent in 2017.

Year-on-year, inflation eased primarily for food and non-alcoholic beverages (4.04 percent vs 4.14 percent in November) and transport (4.19 percent vs 6.03 percent), owing to  fuels (6.17 percent vs 13.69 percent). Also, cost rose less for health (3.95 percent vs 4.04 percent) and personal expenses (2.98 percent vs 3.11 percent) while declined for communications (-0.09 percent vs -0.20 percent). In contrast, prices continued to advance for housing (4.72 percent vs 4.46 percent), namely electricity (8.70 percent vs 7.46 percent) and rents (3.38 percent vs 3.32 percent); household goods (3.74 percent vs 3.18 percent); education (5.32 percent vs 5.26 percent) and clothing & footwear (0.61 percent vs 0.31 percent).

On a monthly basis, consumer prices went up 0.15 percent, after decreasing 0.21 percent in November and slightly above market expectations of a 0.13 percent gain. Main upward pressure came from prices of food (0.44 percent vs 0.39 percent); health (0.32 percent vs -0.71 percent), clothing & footwear (1.14 percent vs -0.43 percent) and household goods (0.57 percent vs 0.48 percent). At the same time, cost fell less for transport (-0.54 percent vs -0.74 percent) and housing (-0.15 percent vs -0.71 percent).



IBGE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
1/11/2019 11:47:23 AM



Brazil Prices Last Previous Highest Lowest Unit
Inflation Rate 3.75 4.05 6821.31 1.65 percent [+]
Inflation Rate Mom 0.15 -0.21 82.39 -0.51 percent [+]
Consumer Price Index CPI 5100.61 5092.97 5103.69 0.00 Index Points [+]
Core Inflation Rate 3.20 3.55 9.45 2.69 percent [+]
GDP Deflator 3.80 8.30 2736.97 3.80 percent [+]
Producer Prices 754.37 760.60 773.77 0.00 Index Points [+]
Export Prices 129.40 133.54 187.34 65.75 Index Points [+]
Import Prices 121.40 120.67 145.42 59.42 Index Points [+]
Food Inflation 4.04 4.14 5266.83 -2.30 percent [+]
Producer Prices Change 10.80 13.90 6719.66 -4.77 percent [+]
CPI Housing Utilities 8788.32 8801.52 8864.46 0.00 Index Points [+]
CPI Transportation 4902.79 4929.41 4966.16 0.00 Index Points [+]


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: Food and beverages (26 percent of the total weight); transport (18 percent); housing (15 percent); health care (12 percent); and personal expenses (11 percent). Also, clothing accounts for 6 percent; education for 5 percent; household goods for 4 percent; and communication 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. This page provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Inflation Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.75 4.05 6821.31 1.65 1980 - 2018 percent Monthly




Country Last Previous
Argentina 47.10 Dec/18
Australia 1.90 Sep/18
Brazil 3.75 Dec/18
Canada 1.70 Nov/18
China 1.90 Dec/18
Euro Area 1.60 Dec/18
France 1.60 Dec/18
Germany 1.70 Dec/18
India 2.19 Dec/18
Indonesia 3.13 Dec/18
Italy 1.10 Dec/18
Japan 0.80 Nov/18
Mexico 4.83 Dec/18
Netherlands 2.00 Dec/18
Russia 4.30 Dec/18
Saudi Arabia 2.80 Nov/18
Singapore 0.30 Nov/18
South Africa 5.20 Nov/18
South Korea 1.30 Dec/18
Spain 1.20 Dec/18
Switzerland 0.70 Dec/18
Turkey 20.30 Dec/18
United Kingdom 2.10 Dec/18
United States 1.90 Dec/18


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