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The inflation rate in Brazil fluctuated greatly between January 2018 and August 2023. Until May 2020, the inflation rate fluctuated between 1.88 percent and 4.94 percent. After May 2020, there was a gradual increase in the inflation rate, which peaked in April 2020 at 12.13 percent. In 2023, inflation rate started a gradual decrease and dropped to 3.16 percent in June 2023. After that, however, inflation started to rise again, reaching 4.61 percent in August 2023. At the same time, the Central Bank of Brazil increased its interest rate (also known as Selic rate) regularly between February 2021 and August 2023. The rate was set to 13.75 percent in August 2022 and remained unchanged until July 2023.
Monthly inflation rate and central bank interest rate in Brazil from January 2018 to August 2023
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Statista. (October 9, 2023). Monthly inflation rate and central bank interest rate in Brazil from January 2018 to August 2023 [Graph]. In Statista. Retrieved April 28, 2024, from https://www.statista.com/statistics/1312454/brazil-inflation-rate-central-bank-interest-rate-monthly/
Statista. "Monthly inflation rate and central bank interest rate in Brazil from January 2018 to August 2023." Chart. October 9, 2023. Statista. Accessed April 28, 2024. https://www.statista.com/statistics/1312454/brazil-inflation-rate-central-bank-interest-rate-monthly/
Statista. (2023). Monthly inflation rate and central bank interest rate in Brazil from January 2018 to August 2023. Statista. Statista Inc.. Accessed: April 28, 2024. https://www.statista.com/statistics/1312454/brazil-inflation-rate-central-bank-interest-rate-monthly/
Statista. "Monthly Inflation Rate and Central Bank Interest Rate in Brazil from January 2018 to August 2023." Statista, Statista Inc., 9 Oct 2023, https://www.statista.com/statistics/1312454/brazil-inflation-rate-central-bank-interest-rate-monthly/
Statista, Monthly inflation rate and central bank interest rate in Brazil from January 2018 to August 2023 Statista, https://www.statista.com/statistics/1312454/brazil-inflation-rate-central-bank-interest-rate-monthly/ (last visited April 28, 2024)
Monthly inflation rate and central bank interest rate in Brazil from January 2018 to August 2023 [Graph], Statista, October 9, 2023. [Online]. Available: https://www.statista.com/statistics/1312454/brazil-inflation-rate-central-bank-interest-rate-monthly/