Brazil Inflation Rate

Last Release

Oct 31, 2024

Actual

4.76

Units In

4.42

Frequency

Monthly

Next Release

Dec 10, 2024

Time to Release

30 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
6,821.31 Apr 1990	1.65 Dec 1998	303.19 %	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

Annual inflation rate in Brazil increased to 4.76% in October 2024, the highest value in a year, compared to 4.42% in September and forecasts of 4.72%. Prices accelerated for food and beverages (6.65% vs 5.86%), housing & utilities (6.12% vs 4.58%). Conversely, inflation eased for transportation (2.48% vs 3.22%). Compared to the previous month, the CPI went up 0.56%, the biggest increase since February and roughly in line with expectations. Biggest upward pressure came from cost of housing (1.49%), mostly residential electricity (4.74%) and food and beverages (1.06%), particularly meat (5.81%). Inflation remains significantly above the central bank's 3% target, exceeding the upper tolerance limit of 4.5%. A severe drought has driven up crop and energy prices, while a weaker real, robust economic activity, and expectations of expansionary fiscal policy have also contributed to rising inflationary pressures. In response, the central bank has already implemented two rate hikes this year.