Inflation Brasil 2004
Average inflation: 6.6%
Current Inflation
Inflation is very high at 6.6%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 7.7%. The lowest inflation was in May at 5.2%.
- Highest month
- January: 7.7%
- Lowest month
- May: 5.2%
- Difference
- 2.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Communication with an average of 13.4%. The lowest price increase was in Food and non-alcoholic beverages with an average of 4.0%.
- Highest increase
- Communication: 13.4%
- Lowest increase
- Food and non-alcoholic beverages: 4.0%
Historical Context
Current inflation is 2.1% lower than the 5-year average of 8.7%. This approaches the lowest level since records began (6.6% in 2004).
- 5-year average
- 8.7%
- 10-year average
- 8.7%
- All-time high (2003)
- 14.8%
- All-time low (2004)
- 6.6%
Trend
Inflation shows a downward trend. Compared to 2003, inflation has fallen by +8.2 percentage point.
- Change vs. previous year
- -8.2 percentage points
- Largest monthly swing
- May: -12.0 percentage points
ECB Target
Inflation is 4.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 7.7% | -6.8 |
| February | 6.7% | -9.1 |
| March | 5.9% | -10.7 |
| April | 5.3% | -11.5 |
| May | 5.2% | -12.0 |
| June | 6.1% | -10.5 |
| July | 6.8% | -8.6 |
| August | 7.2% | -7.9 |
| September | 6.7% | -8.4 |
| October | 6.9% | -7.1 |
| November | 7.2% | -3.8 |
| December | 7.6% | -1.7 |
| Average | 6.6% |
Data source
Data from OECD. Last updated: 11/01/2026.