Producer Prices in Brazil
Brazil - Producer Prices
Inflation inches up in January
Consumer prices rose 0.32% in January over the previous month, accelerating from December’s 0.15% increase. The result was largely due to higher prices for food and beverages.
Inflation inched up to 3.8% in January from December’s 3.7%. Inflation has remained moderate in recent months due to an appreciation of the real, cuts in government-controlled prices and economic slack. Annual average inflation was unchanged at December’s 3.7% in January.
Brazil Inflation Forecast
Panelists participating in the LatinFocus Consensus Forecast see inflation closing 2019 at 4.2%, which is unchanged from last month’s forecast. For 2020, the panel expects inflation of 4.1%.
Brazil - Producer Prices Data
|Inflation (PPI, annual variation in %)||5.1||2.2||11.3||7.7||-2.5|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||9.00||-0.82 %||Feb 21|
|Exchange Rate||3.77||-0.13 %||Feb 21|
|Stock Market||96,932||-0.11 %||Feb 21|
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February 15, 2019
In December, economic activity increased 0.2% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central).
February 13, 2019
Retail sales (excluding cars and construction) fell 2.2% from the previous month in seasonally-adjusted terms in December, notably contrasting November’s revised 3.1% expansion (previously reported: +2.9% month-on-month) and the largest drop since January 2016. Declines were recorded in five of the eight categories of the index, with notably contractions in sales of other articles for personal and domestic use, and furniture and household appliances. On an annual basis, retail sales rose 0.6% in December, notably below November’s 4.5% expansion.
February 8, 2019
Consumer prices rose 0.32% in January over the previous month, accelerating from December’s 0.15% increase.
February 6, 2019
At its 5–6 February 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%, where it has rested since the Central Bank paused its long and aggressive easing cycle in March.
February 4, 2019
Conditions in Brazil’s manufacturing sector improved at the start of 2019.