Consumer prices in Brazil jumped 6.76% year-on-year in April of 2021, the fastest since November of 2016 and in line with market expectations. The annual inflation rate continued to increase beyond the upper limit of the central bank target of 5.25%, a month after policymakers raised the interest rate to 2.75%, amid surging commodity prices, rising coronavirus infections, and lower base effects. In April, main upward pressure came from food and beverages (12.31%), furnishings (11.85%), transport (11.47%), housing (5.43%), and communications (3.16%). Among the country's largest metropolitan regions, the highest inflation rates were recorded in Curitiba (8.23%), Belo Horizonte (7.18%), Porto Alegre (6.62%), São Paulo (6.15%), and Rio de Janeiro (5.36%). On a monthly basis, consumer prices rose 0.31%, slightly higher than forecasts of a 0.30% increase. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Inflation Rate in Brazil averaged 328.86 percent from 1980 until 2021, 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 May of 2021.
Inflation Rate in Brazil is expected to be 8.80 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 4.90 in 12 months time. In the long-term, the Brazil Inflation Rate is projected to trend around 4.00 percent in 2022 and 3.50 percent in 2023, according to our econometric models.