What drives Brazilian inflation?

What drives Brazilian inflation? Food prices, currency swings, and fiscal uncertainty make Brazil's inflation one of the most volatile. Each row traces a chain of real events that pushed inflation higher or lower, month by month.

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MAR 1 – MAR 31, 2026
🇮🇷 geopolitical turmoil rise
🌍 oil price rise
▲ INFLATION

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DEC 1 – DEC 31, 2025
🇧🇷 input cost rise
▲ INFLATION
NOV 1 – NOV 30, 2025
🇧🇷 production cost decline
▼ INFLATION
AUG 1 – AUG 31, 2025
🇧🇷 lending rate hold
▼ INFLATION
JUL 1 – JUL 31, 2025
🇺🇸 tariff fear
🇺🇸 tariff rise
▲ INFLATION
JUN 1 – JUN 30, 2025
🇨🇳 supply rise
▼ INFLATION
🇧🇷 currency appreciation
▼ INFLATION
MAY 1 – MAY 31, 2025
🇧🇷 demand decline
▼ INFLATION
MAR 1 – MAR 31, 2025
🇧🇷 energy cost rise
▲ INFLATION
🇧🇷 power price rise
▲ INFLATION
🇧🇷 education fee rise
▲ INFLATION
🇧🇷 tariff decline
▲ INFLATION
🇧🇷 interest rate rise
▼ INFLATION

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JAN 1 – JAN 31, 2025
🇧🇷 inflation rise
🇧🇷 currency depreciation
▲ INFLATION
🇧🇷 deficit spending rise
▲ INFLATION
🇧🇷 public spending rise
▲ INFLATION
DEC 1 – DEC 31, 2024
🇧🇷 food cost rise
▲ INFLATION
🇧🇷 public spending rise
▲ INFLATION
NOV 1 – NOV 30, 2024
🇧🇷 fiscal expansion expectation
▲ INFLATION
🇧🇷 drought
🇧🇷 energy cost rise
▲ INFLATION
🇺🇸 rate hike expectation rise
🇧🇷 currency depreciation
▲ INFLATION
🇧🇷 fiscal loosening
▲ INFLATION
🇧🇷 sector activity rise
▲ INFLATION
🌍 crop price rise
▲ INFLATION
🇧🇷 drought
🇧🇷 crop price rise
▲ INFLATION
🇧🇷 fiscal easing
▲ INFLATION
SEP 1 – SEP 30, 2024
🇧🇷 fiscal spending rise
▲ INFLATION
🇧🇷 government transfer rise
🇧🇷 public spending rise
▲ INFLATION
AUG 1 – AUG 31, 2024
🇧🇷 deficit rise
▲ INFLATION
🇧🇷 spending rise
▲ INFLATION
🇧🇷 currency depreciation
▲ INFLATION
JUN 1 – JUN 30, 2024
🇧🇷 fiscal expansion
▲ INFLATION
🇧🇷 job market tightness
▲ INFLATION
🌍 commodity price rise
▲ INFLATION
🇧🇷 public spending rise
▲ INFLATION
MAY 1 – MAY 31, 2024
🇧🇷 spending rise
▲ INFLATION
MAR 1 – MAR 31, 2024
🇧🇷 interest rate decline
▼ INFLATION

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