The Consumer price inflation in Brazil attained a value of 4.71 % in 2023
The indicator recorded a historical change (bps difference) of 150 bps between 2020 to 2023, and is expected to decline by...
GlobalData projects the figure to change by 98 bps between 2024 and 2028, reaching...
Inflation
Inflation is an upsurge in the level of prices of the goods and services in an economy, which leads to a decline in the purchasing power of the currency’s value. It is calculated as the rate of change in prices in a specific period. The consumer price index (CPI) is one of the most common indicators for measuring inflation in an economy.
Global Inflation
Global inflation is a measure of the average annual rate of growth increase in national prices across all countries. It can be calculated using various methods including simple average, weighted average, and median price change. Global Data forecasts that the world economy will grow at a slower pace of 3.5% in 2022 following a 5.9% growth in 2021. On the other hand, the global inflation rate is projected to rise to 6.5% in 2022 from 3.5% in the previous year due to supply chain disruption amid the Ukraine-Russia war.
Consumer Price Inflation in Brazil
Between 2018-2021, the consumer price inflation in Brazil was highest in the year 2021, reaching 8.2%, an increase of 1.56% over the previous year 2020. Between 2018 to 2021, Brazil’s consumer Inflation increased by 1.3%.
Brazil has experienced a moderate inflation rate over the past couple of years. A high level of inflation impacts investors’ confidence in the country. The country experienced a rapid increase in product prices throughout the year due to supply chain disruptions. According to Global Data, inflation is forecast to decline to 5.7% in 2022.
The central bank increased its interest rate amid concerns regarding the high inflation rate in 2021. A tight monetary policy will be followed to tame inflation in the short run according to the bank.
Factors that Impact Inflation Rate
Some of the major factors affecting consumer prices are government policies, money supply, consumer spending, employment levels, high disposable income, and wage levels. Interest rates can also have a significant impact on spending on consumer goods.
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer