Brazil Inflation Rate

The inflation rate in Brazil was recorded at 6.15 percent in March of 2014. Inflation Rate in Brazil is reported by the Instituto Brasileiro de Geografia e Estatística (IBGE). Inflation Rate in Brazil averaged 397.58 Percent from 1980 until 2014, reaching an all time high of 6821.31 Percent in April of 1990 and a record low of 1.65 Percent in December of 1998. In Brazil, the main components of the consumer price index are: food, alcohol and tobacco (31 percent of the total weight), transport (15 percent), real estate (12 percent), health care (11 percent), clothing (9 percent), communication (5 percent) and education (4 percent). The national index is calculated as the weighted average of the regional indexes. The largest contributors to the national index are: Sao Paulo (32 percent of total weight), Rio de Janeiro (12.5 percent), Belo Horizonte (11 percent), Porto Alegre (8.4 percent) and Curitiba (7.8 percent). This page provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.15 5.68 6821.31 1.65 5.67 | 2014/04 1980 - 2014 Percent Monthly

TO

Brazil Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-10 11:00 AM Brazil
Inflation Rate YoY
Dec 2013 5.91% 5.77% 5.82% 5.7%
2014-02-07 11:00 AM Brazil
Inflation Rate YoY
Jan 2014 5.59% 5.91% 5.67% 5.7%
2014-03-12 12:00 PM Brazil
Inflation Rate YoY
Feb 2014 5.68% 5.59% 5.64% 5.92%
2014-04-09 01:00 PM Brazil
Inflation Rate YoY
Mar 2014 6.15% 5.68% 6.08% 5.92%
2014-05-09 01:00 PM Brazil
Inflation Rate YoY
Apr 2014 6.15% 5.67%
2014-06-06 01:00 PM Brazil
Inflation Rate YoY
May 2014 6.87%
[+]

Prices Last Previous Highest Lowest Forecast Unit
Consumer Price Index (CPI) 3898.38 2014-03-15 3862.84 3898.38 0.00 3930.38 2014-04-30 Index Points [+]
Core Inflation Rate 6.43 2014-03-15 6.19 6.94 4.85 5.99 2014-04-30 Percent [+]
Export Prices 159.33 2014-02-15 163.09 187.34 65.75 157.79 2014-03-31 Index Points [+]
Gdp Deflator 7.69 2013-06-30 4.93 2736.97 4.24 12.28 2013-12-31 Percent [+]
Import Prices 136.43 2014-02-15 135.05 144.19 59.42 136.95 2014-03-31 Index Points [+]
Inflation Rate Mom 0.92 2014-03-15 0.69 82.39 -0.51 0.50 2014-04-30 Percent [+]
Producer Prices 598.60 2014-03-15 587.37 598.60 0.00 605.98 2014-04-30 Index Points [+]
Inflation Rate 6.15 2014-03-31 5.68 6821.31 1.65 5.67 2014-04-30 Percent [+]
[+]


Brazil Inflation Rate Up to 8-Month High

In March of 2014, Brazilian annual consumer prices accelerated to 6.15 percent from 5.68 percent in the previous month. On a monthly basis, prices rose 0.92 percent as a severe drought raised food cost.

Among food prices, vegetables (20.19 percent) and fruits (19.59 percent) recorded the highest annual increase.

On a monthly basis, food prices grew the most (1.92 percent), as the drought affected crops in some regions, hurting food supply. Prices of tomatoes rose 32.85 percent, potatoes 35 percent and beans 11.8 percent.

Among regions, food prices rose the most in Porto Alegre (4.21 percent), Campo Grande (3.74 percent), Curitiba (3.52 percent) and in Rio de Janeiro (3.26 percent). 

Additional upward pressures came from cost of transport (+1.38 percent month-over-month), mainly due to higher prices of airline tickets (+26.49 percent) and ethanol (4.07 percent). 

In contrast, housing prices slowed to 0.33 percent in March and health cost decelerated to 0.43 percent from 0.74 percent in February. 

Joana Taborda | joana.taborda@tradingeconomics.com
4/9/2014 1:30:10 PM

RECENT RELEASES

Brazil Inflation Rate Rises Above Forecasts
In February of 2014, Brazilian annual inflation rate accelerated to 5.68 percent from 5.59 percent in the previous month. On a monthly basis, prices rose to 0.69 percent due to higher housing rents and school fees. Published on 2014-03-12

Brazil Inflation Rate Slows to 14-Month Low
In January of 2014, Brazil’s annual inflation rate slowed to 5.59 percent, the lowest rate since November of 2011. On a monthly basis, inflation decelerated to 0.55 percent, mainly due to lower transport prices. Since the beginning of 2014, the CPI includes two new regions, Vitória and Campo Grande. Published on 2014-02-07


Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


RELATED NEWS

Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Brazil Inflation Rate Up to 8-Month High  
In March of 2014, Brazilian annual consumer prices accelerated to 6.15 percent from 5.68 percent in the previous month. On a monthly basis, prices rose 0.92 percent as a severe drought raised food cost.
Brazil Raises Selic Rate to 11%  
At its April 2nd, 2014 meeting, the Central Bank of Brazil raised the benchmark interest rate by 25 bps to 11 percent, as widely expected, after a surge in food prices.
Brazil Posts Trade Surplus in March  
Brazilian trade balance turned into a USD 112 million surplus in March of 2014, following two straight monthly deficits, but still it was the lowest surplus for any March month in the last thirteen years.
Brazil Unemployment Rate Up to 4-Month High  
In February of 2014, Brazilian jobless rate rose for the second straight month to 5.1 percent, up from 4.8 percent in the previous month. Despite the rise, it is the lowest-ever rate for any February month and compares with 5.6 percent a year earlier.
Brazil Inflation Rate Rises Above Forecasts  
In February of 2014, Brazilian annual inflation rate accelerated to 5.68 percent from 5.59 percent in the previous month. On a monthly basis, prices rose to 0.69 percent due to higher housing rents and school fees.
Brazil Posts Trade Deficit for 2nd Straight Month  
In February of 2014, Brazilian trade balance turned into a USD 2.125 billion deficit, down from a USD 4.06 billion gap reported in the previous month but up 66 percent from February of 2013.
Brazil Returns to Growth in Q4  
In the fourth quarter of 2013, Brazilian GDP advanced 0.7 percent on a quarter-on-quarter seasonally adjusted basis, recovering from a 0.5 percent contraction in the previous period, boosted by the services sector.
Brazil GDP Growth Beats Expectations in Q4  
In the last three months of 2013, Brazilian economy advanced 1.9 percent over a year earlier, beating market expectations, but slowing from a 2.2 percent expansion in the previous quarter. Recession fears were allayed as the economy advanced 0.7 percent on a quarter basis.
Brazil Raises Interest Rate to 10.75%  
At its February 26th, 2014 meeting, Central Bank of Brazil decided to raise the benchmark interest rate for the second straight time by 25 bps to 10.75 percent, as widely expected.
MORE RELATED NEWS

LATEST NEWS

US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News