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Brazil Inflation Rate

Last Release
Jun 30, 2024
Actual
4.23
Units In
%
Previous
3.93
Frequency
Monthly
Next Release
Aug 09, 2024
Time to Release
29 Days 11 Hours
Highest
Lowest
Average
Date Range
Source
6,821.31
Apr 1990
1.65
Dec 1998
305.48 %1980-2024N/A
In Brazil, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories of the index are: Food and beverages (26 percent of the total weight); transport (18 percent); housing (15 percent); health care (12 percent); and personal expenses (11 percent). Also, clothing accounts for 6 percent; education for 5 percent; household goods for 4 percent; and communication for 4 percent. Data is collected in the Metropolitan Areas of São Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Belém, Fortaleza, Recife, Salvador and Curitiba and in the cities of Goiânia and Brasília.

Latest Updates

The annual inflation rate in Brazil rose to 4.23% in June of 2024, up from 3.93% in the prior month, but below market expectations of 4.35%. This marks the second consecutive month of rising consumer prices following a seven-month period of easing. While the inflation rate remained below the central bank’s upper threshold of 4.5%, the interruption in the disinflation trend aligns with some policymakers' concerns that high fiscal spending and an uncertain economic environment could drive the CPI to rise excessively. Prices accelerated for food and beverages (4.71% vs 3.56% in May), transportation (4.56% vs 4.32%), and healthcare (6.09% vs 5.63%). Conversely, inflation eased for housing and utilities (3.05% vs 3.5%). From the previous month, Brazilian consumer prices advanced by 0.21%.

Brazil Inflation Rate History

Last 12 readings

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