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By the standards of the hyperinflation in the 90s, current inflation, at 6.5%, is very low. However price controls distort the figures to some extent, and even 6.5% is high enough to be disruptive and to discourage the trust required for people to save.
Background: there are many inflation measures in Brazil. The IPCA is a consumer price inflation measure covering urban consumers with incomes between 1 and 40 times the minimum wage, and is the guiding measure used by the central bank in setting monetary policy. It is calculated by the IBGE (Instituto Brasileiro de Geografia e Estatística).
The full historical series can be obtained from the central bank (Banco Central do Brasil) in its Time Series Management System . Choose “Economic activity”, then “Price indicators”, then “Consumer price indices”, then, near the end of the second page of choices, series 13522, “IPCA - in 12 months”. Tic the box and download a CSV file. When opening the CSV file, take care with the separators: ”;” separates columns, ”.” is used for thousands, and ”,” to separate units from decimal fractions.
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