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.
Why FX traders watch it
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 the data
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.
Optional upper bound. Defaults to the current date.
api_key
CONDITIONAL
string
Required for non-USD announcement requests. USD announcement requests are public without an API key.
Example Usage
To retrieve Ọnụego Mbelata Ego (CPI/HICP) data for BRL from 2023:
GET https://fxmacrodata.com/api/v1/announcements/brl/inflation?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY
Frequently Asked Questions
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.