Producer prices in Brazil were down by 0.35% month-over-month in April of 2023, following a downwardly revised 0.65% fall in the prior month and compared with market forecasts of a 0.48% drop. It marks the third consecutive month of producer deflation, with costs falling for intermediate goods (-1.23% vs -1.18% in March) and capital goods (-0.19% vs 0.98%). Conversely, prices rebounded for consumer goods (1.03% vs -0.13%). Yearly, producer prices slumped by 4.63% in April, the most since November of 2009, after a downwardly revised 2.30% decline in the prior month.
Producer Price Inflation MoM in Brazil averaged 0.69 Percent from 2014 until 2023, reaching an all time high of 5.16 Percent in February of 2021 and a record low of -3.04 Percent in August of 2022. This page includes a chart with historical data for Brazil Producer Price Inflation Mom. Brazil Producer Price Inflation MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Producer Price Inflation MoM in Brazil is expected to be 0.10 Percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Producer Price Inflation MoM is projected to trend around 0.30 Percent in 2024, according to our econometric models.