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.

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Brazil Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.76 6.10 6821.31 1.65 1980 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-02-09 12:00 PM Jan 4.56% 4.52% 4.61% 4.7%
2021-03-11 12:00 PM Feb 5.20% 4.56% 5.06% 5%
2021-04-09 12:00 PM Mar 6.1% 5.2% 6.2% 6%
2021-05-11 12:00 PM Apr 6.76% 6.1% 6.76% 7%
2021-06-09 12:00 PM May 6.76% 8.4%
2021-07-08 12:00 PM Jun 8.8%
2021-08-10 12:00 PM Jul
2021-09-09 12:00 PM Aug


News Stream
Brazil Inflation Rate at 4-½-Year High
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.
2021-05-11
Brazil Inflation Rate Tops 6%
Brazil's annual consumer price inflation rate rose to 6.1% in March 2021, the highest since December 2016. Figures were slightly below market consensus of 6.2% but remained well above the upper limit of the central bank target of 5.25%. The inflation spiked in the last 10 months, amid a weaker currency, rising coronavirus infections and high commodity prices. In March, main upward pressure came from food and beverages (13.87%), furnishings (9.7%), transport (8.58%), housing (5.1%), and communications (2.86%). Among the country's largest metropolitan regions, the highest inflation rates were recorded in Belo Horizonte (6.56%), Curitiba (6.48%), Porto Alegre (6.36%), São Paulo (5.61%), and Rio de Janeiro (4.97%). On a monthly basis, consumer prices rose 0.93%, below 1.03% forecasted. It is the highest monthly rate for a March month since 2015.
2021-04-09
Brazil Inflation Rate at Over 4-Year High
Brazil's annual consumer price inflation rate rose to 5.20 percent in February 2021, the highest since January 2017 and above the market consensus of 5.06 percent. Main upward pressure came from food and beverages (15.00 percent), furnishings (7.78 percent), housing (4.39 percent), transport (3.66 percent), and healthcare (2.05 percent). Among the country's largest metropolitan regions, the highest inflation rates were recorded in Belo Horizonte (5.37 percent), Curitiba (5.23 percent), Porto Alegre (5.03 percent), São Paulo (4.93 percent), and Rio de Janeiro (4.64 percent). On a monthly basis, consumer prices rose 0.86 percent, higher than the 0.72 percent forecast. It is the highest monthly rate for a February month since 2016.
2021-03-11
Brazil Inflation Rate Hits 1-1/2-Year High
Brazil's consumer price inflation rate rose to 4.56 percent year-on-year in January 2021, the highest since May 2019 and compared with market consensus of 4.61 percent. Main upward pressure came from food and beverages (14.81 percent), housing (3.56 percent), transport (1.12 percent), health care (2.15 percent), and personal expenses (1.07 percent). Meanwhile, cost for clothing dropped 0.72 percent. Among the country's largest metropolitan regions, the highest inflation rates were recorded in Belo Horizonte (5.13 percent), Curitiba (4.35 percent), São Paulo (4.30 percent), Porto Alegre (4.30 percent), and Rio de Janeiro (4.22 percent). On a monthly basis, consumer prices rose 0.25 percent in January, less than the 0.31 percent forecast.
2021-02-09

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.