Inflation Brasil 2023
Average inflation: 4.6%
Current Inflation
Inflation is high at 4.6%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 5.8%. The lowest inflation was in June at 3.2%.
- Highest month
- January: 5.8%
- Lowest month
- June: 3.2%
- Difference
- 2.6 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 1.2% lower than the 5-year average of 5.8%.
- 5-year average
- 5.8%
- 10-year average
- 6%
- All-time high (2022)
- 9.3%
- All-time low (2020)
- 3.2%
Trend
Inflation shows a downward trend. Compared to 2022, inflation has fallen by +4.7 percentage point.
- Change vs. previous year
- -4.7 percentage points
- Largest monthly swing
- June: -8.7 percentage points
ECB Target
Inflation is 2.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 5.8% | -4.6 |
| February | 5.6% | -4.9 |
| March | 4.7% | -6.6 |
| April | 4.2% | -7.9 |
| May | 3.9% | -7.8 |
| June | 3.2% | -8.7 |
| July | 4.0% | -6.1 |
| August | 4.6% | -4.1 |
| September | 5.2% | -2.0 |
| October | 4.8% | -1.7 |
| November | 4.7% | -1.2 |
| December | 4.6% | -1.2 |
| Average | 4.6% |
Data source
Data from OECD. Last updated: 20/12/2025.