Brazil: monthly inflation rate 2016-2022
In May 2022, the inflation rate in Brazil amounted to 11.73 percent compared to the same month of the previous year. The inflation rate in the Latin American country has been experiencing a steep upward trend since the second quarter of 2020.
The Consumer Price Index shows the price development for household expenses and, when it increases, it shows that there is inflation. Inflation can be defined as a permanent and generalized increase of the price levels in an economy (prices for consumer and intermediate goods).
The Consumer Price Index shows the price development for household expenses and, when it increases, it shows that there is inflation. Inflation can be defined as a permanent and generalized increase of the price levels in an economy (prices for consumer and intermediate goods).
