The annual inflation rate in Brazil rose to 4.87% in November of 2024 from 4.76% in the previous month, marginally ahead of market expectations of 4.85% to mark the highest inflation rate in 14 months. The result was in line with the central bank’s warning that increasing inflation expectations could raise prices for consumers this year, magnified by the increased government spending that drove household consumption to support the GDP in recent quarters. Prices rose at a faster pace for food and beverages (7.63% vs 6.65%), transportation (3.11% vs 2.48% in October), and personal spending (4.98% vs 4.11%). On the other hand, inflation softened for housing and utilities (4% vs 6.12%). source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Inflation Rate in Brazil increased to 4.87 percent in November from 4.76 percent in October of 2024. Inflation Rate in Brazil averaged 302.63 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 January of 2025.

Inflation Rate in Brazil increased to 4.87 percent in November from 4.76 percent in October of 2024. Inflation Rate 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 Inflation Rate is projected to trend around 4.10 percent in 2025 and 3.00 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-08 12:00 PM
Inflation Rate YoY
Oct 4.76% 4.42% 4.72% 4.6%
2024-12-10 12:00 PM
Inflation Rate YoY
Nov 4.87% 4.76% 4.85% 4.9%
2025-01-10 12:00 PM
Inflation Rate YoY
Dec 4.87% 4.9%


Related Last Previous Unit Reference
Consumer Price Index CPI 7063.77 7036.33 points Nov 2024
CPI Housing Utilities 11827.72 12011.50 points Nov 2024
CPI Transportation 6694.78 6650.89 points Nov 2024
Food Inflation 7.63 6.65 percent Nov 2024
Inflation Rate YoY 4.87 4.76 percent Nov 2024
Inflation Rate MoM 0.39 0.56 percent Nov 2024
IPCA mid-month CPI MoM 0.34 0.62 percent Dec 2024
IPCA mid-month CPI YoY 4.71 4.77 percent Dec 2024

Brazil Inflation Rate
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: Transport (20 percent); Food and beverages (19 percent of the total weight) ; housing (15 percent); health care (13 percent); and personal expenses (11 percent). Also, Communication accounts for 4 percent; education for 6 percent; clothing for 5 percent; household goods 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.
Actual Previous Highest Lowest Dates Unit Frequency
4.87 4.76 6821.31 1.65 1980 - 2024 percent Monthly


News Stream
Brazil Inflation Rises to 14-Month High
The annual inflation rate in Brazil rose to 4.87% in November of 2024 from 4.76% in the previous month, marginally ahead of market expectations of 4.85% to mark the highest inflation rate in 14 months. The result was in line with the central bank’s warning that increasing inflation expectations could raise prices for consumers this year, magnified by the increased government spending that drove household consumption to support the GDP in recent quarters. Prices rose at a faster pace for food and beverages (7.63% vs 6.65%), transportation (3.11% vs 2.48% in October), and personal spending (4.98% vs 4.11%). On the other hand, inflation softened for housing and utilities (4% vs 6.12%). On the other hand, inflation softened for housing and utilities (4% vs 6.12%). From the previous month, consumer prices rose by 0.39%.
2024-12-10
Brazil Inflation Rate Rises to 1-Year High
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.
2024-11-08
Brazilian Inflation Rises to 4.4% as Expected
The annual inflation rate in Brazil rose to 4.42% in September of 2024, up from 4.24% in the prior month, largely in line with market expectations of 4.43%. Prices accelerated for food and beverages (5.86% vs 4.59% in August), housing & utilities (4.58% vs 3.22%), and healthcare (6.14% vs 5.70%). Conversely, inflation eased for transportation (3.22% vs 4.53%) and personal expenses (3.67% vs 4.45%). From the previous month, Brazilian consumer prices advanced by 0.44%, following a 0.02% drop in August and roughly aligned with expectations. Biggest upward pressure came from the cost of housing (1.80%), namely residential electricity (5.36%), and food and beverages (0.5%). Also, transport prices grew 0.14%, driven by a rise in the cost of airfares (4.64%) and ethanol (0.75%).
2024-10-09