Inflation rate in Brazil 2024

Brazil: Inflation rate from 1984 to 2024 (compared to the previous year)

by H. Plecher, last edited Sep 10, 2019
Inflation rate in Brazil 2024 In 2018, the inflation rate in Brazil amounted to about 3.67 percent compared to the previous year, a slight increase from the previous year’s 3.45 percent, but a large improvement compared to 2016 with more than 8 percent.
Superlative Brazil

Brazil is not only one of the largest countries in the world, it is also one of the largest economies and a member of the so-called BRIC states, four up-and-coming emerging economies. Unfortunately, Brazil also struggles due to an on-going recession; In 2017, the majority of Brazilians described the state of the country’s economy as “bad”.

The state of Brazil’s economy

Brazil’s mixed economy suffered a severe political and economic crisis in 2014 that only ended in 2016. The country’s GDP slumped dramatically and inflation skyrocketed. As of today, Brazil has recovered, GDP is on the rise again, and inflation is below four percent – however, as a result of the recession that saw millions of job cuts, unemployment is at an all-time high.
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Brazil: Inflation rate from 1984 to 2024 (compared to the previous year)

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