Consumer prices in Brazil declined 0.04 percent over a month earlier in September 2019, after rising 0.11 percent in the prior month and below expectations of a 0.03 percent gain. Cost of food & non-alcoholic beverages went down 0.43 percent, faster than a 0.35 percent fall in August, of which tomatoes (-16.17 percent), english potato (-8.42 percent), onions (-9.89 percent) and fruits (-1.79 percent). Additionally, prices dropped for household goods (-0.76 percent compared to 0.56 percent), in particular appliances & equipment (-2.26 percent) and TV, sound & computer items (-0.9 percent); and communication (-0.01 percent compared to 0.09 percent). Also, cost slowed for housing (0.02 percent compared to 1.19 percent); personal expenses (0.04 percent compared to 0.31 percent); and education (0.04 percent compared to 0.31 percent). Inflation Rate Mom in Brazil averaged 6.40 percent from 1980 until 2019, reaching an all time high of 82.39 percent in March of 1990 and a record low of -0.51 percent in August of 1998.
Inflation Rate Mom in Brazil is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Brazil to stand at 0.20 in 12 months time. In the long-term, the Brazil Inflation Rate MoM is projected to trend around 0.20 percent in 2020, according to our econometric models.