Producer prices in Brazil fell by 0.8% from the previous month in July of 2023, slowing from the 2.72% decline in the previous month to mark the sixth consecutive period of decline in producer costs, aligned with the central bank’s decision to start its interest rate cutting cycle. The decline was the sharpest for consumer goods (-1.2%), while deflation was more moderate for intermediate goods (-0.6%) and capital goods (-0.4%). On a yearly basis, producer prices sank by 14.1% in July, the most on record.

Producer Price Inflation MoM in Brazil averaged 0.62 Percent from 2014 until 2023, reaching an all time high of 5.16 Percent in February of 2021 and a record low of -3.04 Percent in August of 2022. This page includes a chart with historical data for Brazil Producer Price Inflation Mom. Brazil Producer Price Inflation MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Producer Price Inflation MoM in Brazil is expected to be 0.20 Percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Producer Price Inflation MoM is projected to trend around 0.30 Percent in 2024, according to our econometric models.

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Brazil Producer Price Inflation MoM



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-27 12:00 PM Jun -2.72% -3.07% -1.81% -1.5%
2023-08-30 12:00 PM Jul -0.82% -2.72% -2.99% -2.6%
2023-09-28 12:00 PM Aug -0.82% -0.1%


News Stream
Brazilian Producer Prices Fall for 6th Month
Producer prices in Brazil fell by 0.8% from the previous month in July of 2023, slowing from the 2.72% decline in the previous month to mark the sixth consecutive period of decline in producer costs, aligned with the central bank’s decision to start its interest rate cutting cycle. The decline was the sharpest for consumer goods (-1.2%), while deflation was more moderate for intermediate goods (-0.6%) and capital goods (-0.4%). On a yearly basis, producer prices sank by 14.1% in July, the most on record.
2023-08-30
Brazilian Producer Prices Decline Further
Producer prices in Brazil fell by 2.72% month-over-month in June of 2023, easing from the 3.07% decline in the previous month but well above market expectations of a 1.81% drop, backing recent market bets that the central bank is set to start its cutting cycle. The decline was the sharpest, albeit slightly slower, for intermediate goods (-3.41% vs -4.34% in May) and consumer goods (-2.02% vs -1.05%), while deflation picked up for capital goods (-1.09% vs -0.66%). Yearly, producer prices declined by 12.37% in the period, the most on record.
2023-07-27
Brazil Producer Prices Fall the Most on Record
Producer prices in Brazil slumped by 3.07% month-over-month in May of 2023, after a 0.35% fall in the prior month and far more than market expectations of a 0.51% drop. It marks the fourth consecutive month of producer deflation and the most pronounced since available records began in 2014, mainly due to lower prices of intermediate goods (-4.51% vs -1.24%). Additional downward pressure came from consumer goods (-1.32% vs 1.01%), of which semi-durable and non-durable goods (-1.61% vs 1.20%); and capital goods (-0.75% vs -0.09%). Yearly, producer prices plunged by 9.20% in May, the most on record, after a 4.63% decline in the prior month.
2023-06-29