Brazil Inflation Rate

Last Release

Mar 31, 2024

Actual

3.93

Units In

4.5

Frequency

Monthly

Next Release

May 10, 2024

Time to Release

28 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
6,821.31 Apr 1990	1.65 Dec 1998	307.22 %	1980-2024	N/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 fell for a sixth straight month to 3.93% in March of 2024, the lowest in nine months, dropping from 4.5% in the previous month and firmly below market estimates of 4.01%. Consequently, price growth fell within the Brazilian central bank’s upper tolerance limit of 4.5%, in line with the backdrop required for the BCB to extend its rate-cutting momentum. Prices slowed for transportation 3.7% vs 6.24% in February), as base effects triggered a sharp moderation in fuel inflation (2.66% vs 9.67%), in addition to decelerating housing and utilities (4% vs 4.4% in February). On the other hand, the CPI accelerated for food and beverages (3.1% vs 2.62%). From the previous month, the Brazilian CPI edged higher by 0.16%, the smallest increase in eight months.