Inflation in Brazil
Brazil - Inflation
Inflation drops to lowest level since May in November
Consumer prices fell 0.21% in November over the previous month, contrasting October’s 0.45% increase. November’s result marked the sharpest drop since June 2017 and was a larger fall then market expectations of a 0.09% decrease. A drop in transportation prices was chiefly behind the fall, due to lower oil prices and a cut in government administrated electricity prices thanks to abundant rain.
Inflation fell to 4.0% in November, the lowest reading since May (October: 4.6%). Inflation is contained within the Central Bank’s target of 4.5% plus or minus 1.5 percentage points. However, annual average inflation edged up from 3.5% in October to 3.6% in November.
Brazil Inflation Forecast
Panelists participating in the LatinFocus Consensus Forecast see inflation closing 2019 at 4.4%, which is unchanged from last month’s forecast. For 2020, the panel expects inflation of 4.2%.
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||11.15||-0.82 %||Dec 11|
|Exchange Rate||3.90||-0.13 %||Dec 11|
|Stock Market||86,420||-0.11 %||Dec 11|
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December 7, 2018
Consumer prices fell 0.21% in November over the previous month, contrasting October’s 0.45% increase.
December 3, 2018
Conditions in Brazil’s manufacturing sector improved notably in November.
November 30, 2018
Recently-released GDP data revealed that the recovery revived in the third quarter, after activity was hit by the nationwide truckers’ strike in the previous period.
November 27, 2018
Brazil’s current account balance came in at a surplus of USD 329 million in October, contrasting the USD 686 million deficit recorded in the same month last year. The current account surplus was chiefly due to a higher trade surplus, which came in at USD 5.9 billion in October (October 2017: USD 5.2 billion).
November 26, 2018
Business sentiment in Brazil improved in November, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index rising to 94.7 points from 94.1 points in October.