Brazilian Inflation Rises The Highest In 7 years

Brazilian inflation as measured by the National Consumer Price Index (IPCA) closed September with a high of 0.53%, compared to 0.37% in August. In the last 12 months to September, the index is up 7.31%, the highest rise since May 2005, when the index rose 8.05% in the same period. Last year, the accumulated high is 4.97%.


The September result was the highest for the month since 2003, but was within the range of estimates of AE Projections, ranging from a rate of 0.47% to 0.60%, and glued to the median of 0.54% .

The IPCA is the official index used by the Central Bank to meet the inflation targeting regime, determined by the National Monetary Council (CMN). The center's goal is 4.5%, with a band of variation of two percentage points up or down.

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