Other Prices: Cost of Construction: Total for Brazil
Annual
OPCNTT01BRA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161.47
Year-over-Year Change
131.48%
Date Range
1/1/1970 - 1/1/2022
Summary
The Annual trend measures the percent change in Brazilian consumer prices over a 12-month period. This key economic indicator helps policymakers and analysts assess the state of inflation in Brazil.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual trend tracks the year-over-year percent change in the Brazilian Consumer Price Index (CPI), a measure of the average change in prices paid by consumers for a basket of goods and services. It is a widely-referenced indicator of the overall rate of inflation in the Brazilian economy.
Methodology
The Brazilian CPI is calculated monthly by the Brazilian Institute of Geography and Statistics (IBGE) based on a survey of consumer spending.
Historical Context
Policymakers and economists use the Annual trend to inform monetary policy and make economic forecasts.
Key Facts
- Brazil's Annual inflation rate was 5.3% as of December 2022.
- The Annual trend reached a high of 12.1% in April 2022.
- The Central Bank of Brazil targets an Annual inflation rate of 3.25% for 2023.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the Brazilian Consumer Price Index (CPI), a key indicator of inflation in the Brazilian economy.
Q: Why is this trend relevant for users or analysts?
A: The Annual inflation rate is a critical data point for policymakers, investors, and economists seeking to understand the state of the Brazilian economy and make informed decisions.
Q: How is this data collected or calculated?
A: The Brazilian CPI is calculated monthly by the Brazilian Institute of Geography and Statistics (IBGE) based on a survey of consumer spending.
Q: How is this trend used in economic policy?
A: The Central Bank of Brazil uses the Annual inflation rate as a key input for setting monetary policy, with the goal of maintaining price stability in the Brazilian economy.
Q: Are there update delays or limitations?
A: The Annual inflation data is published monthly with a short lag, typically within a few weeks of the end of the reference period.
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Citation
U.S. Federal Reserve, Annual (OPCNTT01BRA661N), retrieved from FRED.