Inflation in Brazil
Brazil - Inflation (end of period)
Inflation hits two-year high in April
Consumer prices rose 0.57% in April over the previous month, a softer gain than March’s 0.75% increase and undershooting expectations of a larger 0.68% rise. That said, April’s result marked the largest jump in prices recorded for that month since 2016. A jump in health and personal costs as the annual adjustment for medicines came into effect fanned price pressures in April. Meanwhile, sharp increases were also recorded in transportation and food and beverages prices, although both eased somewhat from March’s highs.
Inflation rose to 4.9% in April, up from March’s 4.6% and marking the highest reading in over two years. Higher fuel prices have added to price pressures in recent months and the result is above the Bank’s target of 4.25% for the end of 2019. Annual average inflation also edged up from 4.0% in March to 4.2% in April.
Panelists participating in the LatinFocus Consensus Forecast see inflation closing 2019 at 3.9%, which is unchanged from last month’s forecast. For 2020, the panel expects inflation of 4.1%.
Brazil - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||5.9||6.4||11.7||6.3||2.9|
5 years of economic forecasts for more than 30 economic indicators.
Brazil Inflation (eop) Chart
Source: Brazil Institute of Geography and Statistics.
|Bond Yield||8.90||-0.82 %||May 13|
|Exchange Rate||3.99||-0.13 %||May 13|
|Stock Market||91,727||-0.11 %||May 13|
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May 15, 2019
In March, economic activity decreased 0.3% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity.
May 11, 2019
Retail sales (excluding cars and construction) increased 0.3% from the previous month in seasonally-adjusted terms in March, a mild increase from February’s flat growth.
May 11, 2019
Consumer prices rose 0.57% in April over the previous month, a softer gain than March’s 0.75% increase and undershooting expectations of a larger 0.68% rise.
May 9, 2019
At its 7–8 May meeting, the Central Bank of Brazil’s Monetary Policy Committee (COPOM) unanimously decided to keep the benchmark SELIC interest rate at its record low of 6.50%, where it has rested since the Central Bank paused its long and aggressive easing cycle in March 2018.
May 3, 2019
Industrial production plunged 1.3% month-on-month in seasonally-adjusted terms in March, the largest contraction since September 2018.