Skip to main content

Brazil IPCA-15 (Mar. 2021)

The surge in Brazilian inflation to 5.5% y/y in the middle of March – its highest rate in over four years – has further to run and the headline rate looks set to reach 7.5% y/y in Q2. That will result in further interest rate hikes at next few central bank meetings. But inflation should fall sharply from Q3, bringing the tightening cycle to an end more quickly than most currently anticipate.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access