Brazil's consumer price inflation rate rose to 4.31 percent year-on-year in November 2020, the highest since December last year and above market expectations of 4.2 percent, mainly boosted by a 15.94 percent increase in food & beverages prices, the steepest since October 2003. Additional upward pressure came from transport (1.21 percent), housing (1.47 percent), health care (1.53 percent), personal expenses (1.30 percent), education (0.84 percent), and communication (3.70 percent). Clothing costs, however, declined 1.70 percent. On a monthly basis, consumer prices rose 0.89 percent, the biggest increase for a November month since 2015. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Inflation Rate in Brazil averaged 332.22 percent from 1980 until 2020, 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. This page provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Inflation Rate in Brazil is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Brazil to stand at 3.00 in 12 months time. In the long-term, the Brazil Inflation Rate is projected to trend around 3.00 percent in 2021 and 3.50 percent in 2022, according to our econometric models.