Brazil's mid-month inflation advanced by 4.14% year-on-year in March 2024, easing from a reading of 4.49% in the preceding period and slightly above market estimates of 4.1%. Mid-month Inflation Rate YoY in Brazil averaged 6.31 percent from 2001 until 2024, reaching an all time high of 17.24 percent in May of 2003 and a record low of 1.92 percent in June of 2020. source: Instituto Brasileiro de Geografia e EstatÃstica (IBGE)
Mid-month Inflation Rate YoY in Brazil is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Mid-month Inflation Rate YoY is projected to trend around 5.00 percent in 2025, according to our econometric models.