Annual inflation rate in Brazil edged up 8.35% in June of 2021 from 8.06% in May, and in line with market forecasts of 8.4%. The inflation accelerated for the 13th consecutive month to the highest since September of 2016, due to the effects of the coronavirus pandemic. Biggest increases were seen in transportation (15.05 percent), namely fuels (43.92 percent); food and drinks (12.59 percent); household articles (12.35 percent), namely TV, sound and computers (17.51 percent); and housing (8.72 percent). On a monthly basis, consumer prices increased 0.53 percent, with housing recording the biggest impact. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Inflation Rate in Brazil averaged 327.54 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 July of 2021.
Inflation Rate in Brazil is expected to be 9.00 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 4.00 percent in 2022 and 3.50 percent in 2023, according to our econometric models.