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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil Inflation, consumer prices (annual %) fell to 4.59 Percentage (%) in January 2023
World BankYearlyReleased January 2023
Brazil Inflation, consumer prices (annual %) fell to 4.59 Percentage (%) in January 2023, down 4.69 Percentage (%) from December's 9.28 Percentage (%) reading.
Latest Release
4.59
Latest (2023)
9.28
Previous
World Bank
Source
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Inflation, Consumer Prices (Annual %) (Brazil) was reported at 5.02 Percent in December 2025. The reading rose from the previous value of 4.37 Percent. This is classified as a high-impact indicator released on a yearly basis.
WHY IT MATTERS
In December readings over the past 3 years, Inflation, Consumer Prices (Annual %) has averaged 4.66 Percent.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CFTC BRL speculative net positions (Oct 30) and BCB Focus Market Readout (Nov 2).
Auto-generated from current model state · Refreshes on each release · Last update December 2025.
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Inflation, consumer prices (annual %) - BR
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About Inflation, consumer prices (annual %) — Brazil
DEFINITION
Brazil's Inflation, Consumer Prices (Annual %) rose to 5.016753% in December 2025, up from 4.367464% in December 2024, marking a clear acceleration in annual inflation. This increase signals a faster pace of price growth compared to the previous year. Market participants will watch for central bank responses amid rising inflation pressures. Updated 7/1/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus typically move rates and currencies on release. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - BR Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 11:00 | BR | IGP-M Inflation MoM | 1.47 | 1.57 | 1.6 | 1.54 | Low |
| 11:30 | BR | Bank Lending MoM | 0.4 | 0.5 | 1 | 0.70 | Low |
| 17:00 | BR | Gross Debt to GDP | 82.9 | 82.9 | 83.5 | 83.37 | Low |
| 18:30 | BR | Gross Debt to GDP | 82.9 | 82.9 | 83.5 | 83.37 | Low |