Brazil's consumer price inflation rose to 4.31 percent year-on-year in December 2019 from 3.27 percent in the previous month and above market expectations of 4.23 percent. That was the highest rate since May, driven by food & beverages (6.37 percent vs 3.35 percent in November), transport (3.57 percent vs 1.45 percent), health (5.41 percent vs 5.30 percent), personal expenses (4.67 percent vs 4.02 percent), and communication (1.07 percent vs 0.41 percent). Meanwhile, inflation slowed for housing (3.90 percent vs 4.60 percent), clothing (0.74 percent vs 1.89 percent), and education (4.75 percent vs 4.77 percent). On a monthly basis, consumer prices climbed 1.15 percent, the highest rate for a December month since 2002, mainly boosted by food & beverages, transport and personal expenses. Considering 2019 full year, the average inflation picked up to 4.31 percent from 3.75 percent in 2018.
Inflation Rate in Brazil averaged 339.94 percent from 1980 until 2019, 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. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Inflation Rate in Brazil is expected to be 3.70 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 3.60 in 12 months time. In the long-term, the Brazil Inflation Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.