Inflation in Brazil
Brazil - Inflation (end of period)
Inflation inches up in October
Consumer prices rose 0.45% in October over the previous month, which followed September’s 0.48% increase and was below market expectations of a 0.55% rise. A softer increase in transportation prices drove October’s moderation, while food prices grew at a faster rate in October.
Inflation rose to 4.6% in October from 4.5% in September. Inflation is within the Central Bank’s target of 4.5% plus or minus 1.5 percentage points, although October’s reading marked the highest inflation rate since March 2017. Price pressures are likely to ease somewhat going forward as cuts in government-controlled prices come into effect in November.
Annual average inflation rose from 3.3% in September to 3.5% in October.
Panelists participating in the LatinFocus Consensus Forecast see inflation closing 2019 at 4.3%, which is unchanged from last month’s forecast. For 2020, the panel expects inflation of 4.2%.
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||11.11||-0.82 %||Nov 09|
|Exchange Rate||3.73||-0.13 %||Nov 09|
|Stock Market||85,641||-0.11 %||Nov 09|
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November 7, 2018
Consumer prices rose 0.45% in October over the previous month, which followed September’s 0.48% increase and was below market expectations of a 0.55% rise.
November 6, 2018
Jair Bolsonaro will take the reins of Latin America’s largest economy on 1 January, after winning 55% of the vote in the second-round presidential election held on 28 October.
November 2, 2018
Industrial production contracted for a third consecutive month in September.
November 2, 2018
Conditions in Brazil’s manufacturing sector improved at the start of the fourth quarter.
October 31, 2018
At its 30–31 October meeting, the Central Bank of Brazil’s Monetary Policy Committee (Comité de Política Monetária, COPOM) unanimously decided to keep the benchmark SELIC interest rate at its record low of 6.50%.