Brazil’s inflation accumulates the 5th highest rate in the G20 in 2023

by time news

2023-05-22 03:05:00

A cumulative inflation in Brazil, from January to April, it was 2.7%, the 5th highest percentage among the G20 countries, with the exception of Australia, which has quarterly data. The highest rates for the period are from Argentina (31.9%), Turkey (15.2%), Germany (3%) and France (2.8%), as shown by a survey carried out by the website Power 360released this Sunday, 21.

The survey analyzed the 17 countries that have already published data for April and the Zone to Euro. For Japan, United Kingdom and South Africa, the site considered market projections for April. Australia was not included because it accounts for quarterly inflation.

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  • Argentina 31,9%
  • Türkiye 15.2%
  • Germany 3.0%
  • France 2.8%
  • Brazil 2.7%
  • South Africa 2.5%
  • Zone to Euro 2.2%
  • Canada 2.1%
  • Russia 2.1%
  • UK 1.8%
  • Spain 1.7%
  • South Korea 1.5%
  • Mexico 1.5%
  • USA 1.4%
  • India 1.4%
  • Indonesia 1.0%
  • Japan 0.4%
  • Saudi Arabia 0.4%
  • Italy 0.3%
  • China -0,1

According to the Brazilian Institute of Geography and Statistics, accumulated inflation in the first four months of 2022 had been 4.29% in Brazil. Which means that there was a slowdown compared to the same period last year. The Extended National Consumer Price Index (IPCA) ended 2022 with an annual rate of 5.9%. Financial market projections indicate that it will end this year at 6.03%.

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Argentina also leads the ranking when considering the accumulated rate in 12 months. The Argentine Consumer Price Index (CPI) reached 108.8% up to April, the highest level in 31 years. In 2nd place is Turkey, with 44%.

In 2022 Brazil recorded the 6th lowest inflation

Last year, Brazil recorded the 6th lowest inflation, influenced by deflation — falling prices — for three straight months, which helped to hold the IPCA high. In July, the accumulated rate for the year was 5.5%. It retreated to just over 4%, after the sequence of negative results.


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