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October 20, 2023
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Brazil Economic Activity Growth -0.77% m-o-m (consensus -0.3%) in Aug-23

- Brazil's economic activity growth declined by 0.77% m-o-m in August 2023, marking the lowest growth rate since May 2023.
- The current growth rate is 0.87 pp below the one-year average, indicating a significant slowdown in economic activity.

October 11, 2023
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Brazil IPCA Inflation 5.19% y-o-y (consensus 5.27%) in Sep-23

- Brazil's IPCA inflation rate rose to 5.19% year-on-year in September 2023, marking the highest growth since February 2023 but undershooting the 5.27% consensus.
- In comparison to historical averages, the current rate is 0.25 percentage points higher than the one-year average and 2.46 percentage points below the long-term average.

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