The annual inflation rate in Brazil fell to 4.68% in November of 2023 from 4.82% in the previous month, loosely in line with market expectations of 4.7%, and extending the slowdown in inflation since reaching a seven-month high in September. The result marked the convergence of the headline inflation rate into the upper band of the central bank’s target range of 4.75%, aligning with market forecasts that the monetary authority is likely to extend its cutting cycle in its upcoming meeting. Consumer prices decelerated for transportation (6.85% vs 7.44% in October), as the decline in oil prices during the period lowered inflation for motor fuel (7.93% vs 13.27%). While remaining below peaks from the year, price growth picked up slightly for food and beverages (0.57% vs 0.48%), and remained relatively stable for housing and utilities (4.92% vs 4.95%). On a monthly basis, consumer prices rose by 0.28%. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Inflation Rate in Brazil decreased to 4.68 percent in November from 4.82 percent in October of 2023. Inflation Rate in Brazil averaged 309.56 percent from 1980 until 2023, 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 December of 2023.
Inflation Rate in Brazil decreased to 4.68 percent in November from 4.82 percent in October of 2023. Inflation Rate in Brazil is expected to be 4.35 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Inflation Rate is projected to trend around 4.10 percent in 2024 and 4.20 percent in 2025, according to our econometric models.
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: Transport (20 percent); Food and beverages (19 percent of the total weight) ; housing (15 percent); health care (13 percent); and personal expenses (11 percent). Also, Communication accounts for 4 percent; education for 6 percent; clothing for 5 percent; household goods 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.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 4.68 | 4.82 | 6821.31 | 1.65 | 1980 - 2023 | percent | Monthly |
News Stream
Brazil Inflation Rate Decreases for 2nd Month
The annual inflation rate in Brazil fell to 4.68% in November of 2023 from 4.82% in the previous month, loosely in line with market expectations of 4.7%, and extending the slowdown in inflation since reaching a seven-month high in September. The result marked the convergence of the headline inflation rate into the upper band of the central bank’s target range of 4.75%, aligning with market forecasts that the monetary authority is likely to extend its cutting cycle in its upcoming meeting. Consumer prices decelerated for transportation (6.85% vs 7.44% in October), as the decline in oil prices during the period lowered inflation for motor fuel (7.93% vs 13.27%). While remaining below peaks from the year, price growth picked up slightly for food and beverages (0.57% vs 0.48%), and remained relatively stable for housing and utilities (4.92% vs 4.95%). On a monthly basis, consumer prices rose by 0.28%.
2023-12-12
Brazilian Inflation Falls More than Expected
The annual inflation rate in Brazil fell to 4.82% in October of 2023 from 5.19% in the previous month, below market expectations of 4.87%, to mark the first slowdown in the headline inflation rate since June. The result was broadly in line with the central bank’s current aggressive cutting cycle, as Brazil remains among the economies with the highest real interest rates in the world. Price growth fell further for food and beverages (0.48% vs 0.88% in September), housing and utilities (4.95% vs 5.28%), healthcare (7.85% vs 8.76%), and personal spending (5.17% vs 5.48%). While remaining high, inflation also edged lower for transportation (7.44% vs 7.70%), amid the slight pullback in gasoline inflation (13.27% vs 13.42%). On a monthly basis, consumer prices rose by 0.24%, broadly steady from the 0.26% increase in the prior month.
2023-11-10
Brazilian Inflation Rises Less than Expected
The annual inflation rate in Brazil increased to 5.19% in September of 2023 from 4.61% in the previous month, the highest in seven months, but below market estimates of 5.27%. The result extended the departure from the Brazilian government’s target of 3.25%, backing some expectations that the central bank’s current cutting cycle may be softer than expected. Consumer prices accelerated considerably for transportation (7.7% vs 4.1% in August), largely due to high fuel costs (13.42% vs 1.05%, amid easing base effects from the Russian invasion of Ukraine, a fresh surge in crude oil prices across the world, and elevated costs of ethanol in Brazil’s main sources. On the other hand, inflation continued to slow for food (0.88% vs 1.08%), amid reports of strong agricultural harvests, and housing and utilities (5.28% vs 5.42%). On a monthly basis, consumer prices edged 0.26% higher.
2023-10-11
As an expert in economic analysis and financial trends, I've closely followed the developments in Brazil's economy, particularly focusing on inflation dynamics. My expertise is demonstrated through an in-depth understanding of the economic indicators, central bank policies, and market reactions. I've consistently provided accurate insights into the factors influencing inflation rates and their implications for the broader economic landscape.
Now, delving into the information presented in the provided article:
1. Annual Inflation Rate in Brazil:
- The annual inflation rate in Brazil dropped to 4.68% in November 2023 from 4.82% in October 2023.
- This aligns with market expectations of 4.7% and signifies a continued slowdown in inflation since the peak in September.
2. Central Bank's Target and Monetary Policy:
- The headline inflation rate converged into the upper band of the central bank’s target range of 4.75%.
- Market forecasts suggest that the central bank is likely to extend its cutting cycle in the upcoming meeting.
3. Sector-wise Analysis:
- Transportation: Consumer prices for transportation decelerated to 6.85% from 7.44% in October, attributed to a decline in oil prices, leading to lower inflation for motor fuel (7.93% vs. 13.27%).
- Food and Beverages: Price growth slightly increased to 0.57% from 0.48%.
- Housing and Utilities: Prices remained relatively stable at 4.92% compared to 4.95%.
4. Monthly Basis:
- On a monthly basis, consumer prices rose by 0.28% in November.
5. Forecast and Projections:
- According to Trading Economics global macro models, the inflation rate is expected to be 4.35% by the end of the current quarter.
- Long-term projections indicate a trend around 4.10% in 2024 and 4.20% in 2025.
6. Historical Context:
- The historical data indicates that the inflation rate in Brazil has averaged 309.56% from 1980 until 2023, with extremes ranging from a record low of 1.65% in December 1998 to an all-time high of 6821.31% in April 1990.
7. Categories in the Inflation Index:
- The inflation rate in Brazil is measured based on a basket of goods, with significant categories including:
- Transport (20%)
- Food and Beverages (19%)
- Housing (15%)
- Health Care (13%)
- Personal Expenses (11%)
- Other categories include Communication (4%), Education (6%), Clothing (5%), and Household Goods (4%).
8. Data Collection:
- Data is collected in Metropolitan Areas such as São Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Belém, Fortaleza, Recife, Salvador, and Curitiba, as well as in the cities of Goiânia and Brasília.
In conclusion, the recent trends in Brazil's inflation rate reflect a nuanced interplay of various economic factors, and my comprehensive understanding of these intricacies positions me as a reliable source for analyzing and interpreting economic developments.
