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. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Inflation Rate in Brazil decreased to 3.93 percent in March from 4.50 percent in February of 2024. Inflation Rate in Brazil averaged 307.22 percent from 1980 until 2024, 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 April of 2024.
Inflation Rate in Brazil decreased to 3.93 percent in March from 4.50 percent in February of 2024. 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. In the long-term, the Brazil Inflation Rate is projected to trend around 3.20 percent in 2025 and 3.00 percent in 2026, according to our econometric models.