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Brazil Inflation Rate (CPI/HICP)
Brazil's headline Consumer Price Index (CPI) measures the monthly change in the price level of a representative basket of consumer goods and services. It is the primary inflation measure monitored by the Banco Central do Brasil.
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Why Inflation Rate (CPI/HICP) matters for BRL
Central banks, including the Banco Central do Brasil, set policy rates in response to inflation. An above-target CPI print increases the probability of a rate hike, which is typically brl-positive, while below-target inflation raises rate-cut odds and can weaken the currency.
How to interpret this series
An inflation reading above consensus or above the Banco Central do Brasil's target band is hawkish and supports the brl. A downside surprise is dovish and tends to weigh on the currency, particularly when inflation has been trending lower for several months.
Historical Inflation Rate (CPI/HICP)
Source: IBGE. Cadence: Monthly. Unit: %YoY. History from 2010-01-31 (16.4 years).
Recent announcements
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Related Brazil indicators
Move to adjacent releases in the same macro category.
Business Confidence
Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.
Consumer Confidence
Survey-based measure of consumers' confidence in economic conditions, employment prospects, and personal finances.
Core Inflation
CPI excluding volatile items like food and energy.
Current Account Balance
Measures trade in goods and services and income flows.
Gross Domestic Product (GDP) Growth
GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.
Inflation MoM
Month-over-month change in the consumer price index, measuring short-term inflationary momentum.
Producer Price Index (PPI)
Measures the average change over time in the selling prices received by domestic producers for their output.
Retail Sales
Measures change in the total value of sales at the retail level.
Trade Balance
The difference between the value of a country's exports and imports.
Trade-Weighted Index (NEER)
Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.
Common questions
Editorial context for readers and AI agents using this page as a cited country indicator source.
What is the Banco Central do Brasil's inflation target?
Most major central banks target annual inflation near 2%. Check the Banco Central do Brasil's current monetary policy statement for the official target.
How is headline CPI different from core CPI?
Headline CPI includes all items, notably food and energy, which are volatile. Core CPI strips these out to give a cleaner read of underlying price pressure.
Which currency endpoint serves Brazil CPI data?
Historical CPI data for Brazil is available at /api/v1/announcements/brl/inflation.