Inflation in Brazil
Brazil - Inflation
Inflation broadly unchanged in July
Consumer prices increased 0.33% in July over the previous month, significantly below June’s 1.26% rise. June’s result had marked the sharpest increase since January 2016 due to goods shortages caused by the truckers’ strike. The reading, however, came in above market expectations of a 0.27% increase.
Lower price pressures were seen in all subcategories of the index as the effects of the strike abate. However, elevated prices for electricity prevented a sharper slowdown. Low rainfall has hurt hydropower generation in recent weeks, driving electricity prices up.
Inflation inched up from 4.4% in June to 4.5% in July, the highest reading since March 2017. Inflation is at the Central Bank’s target of 4.5% plus or minus 1.5 percentage points. Annual average inflation rose from 2.9% in June to 3.0% in July.
Brazil Inflation Forecast
Panelists participating in the LatinFocus Consensus Forecast see inflation closing 2018 at 4.0%, which is unchanged from last month’s forecast. For 2019, the panel expects inflation of 4.3%.
Brazil - Inflation Data
|Inflation Rate (CPI, annual variation in %)||6.2||6.3||9.0||8.7||3.4|
5 years of economic forecasts for more than 30 economic indicators.
Brazil Inflation Chart
Source: Brazil Institute of Geography and Statistics.
|Bond Yield||11.54||-0.82 %||Aug 15|
|Exchange Rate||3.91||-0.13 %||Aug 15|
|Stock Market||77,078||-0.11 %||Aug 15|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
August 13, 2018
Retail sales (excluding cars and construction) fell 0.3% from the previous month in seasonally-adjusted terms in June, following May’s revised 1.2% contraction (previously reported: -0.6% month-on-month). Drops in sales of fuels and lubricants; and hypermarkets, supermarkets, food products, beverages and tobacco drove the month-on-month decline. On an annual basis, retail sales increased 1.5 in June, a sharp deterioration from May’s 2.7% rise.
August 8, 2018
Consumer prices increased 0.33% in July over the previous month, significantly below June’s 1.26% rise.
August 3, 2018
Business sentiment in Brazil weakened in July, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index falling to 99.6 points from 110.1 points in June.
August 2, 2018
Industrial production returned to growth in June, recording the largest expansion in over a decade.
August 1, 2018
Conditions in Brazil’s manufacturing sector improved in July, recovering after the truckers strike dented economic momentum in June.