Consumer Price Index (CPI) Trends in BRICS Countries (2018–2023)

This chart illustrates Consumer Price Index (CPI) trends for BRICS countries (Brazil, India, China, and South Africa) in December across selected years from 2018 to 2023. The data highlights inflationary dynamics and economic shifts in these emerging economies. In 2019, India recorded high inflation at 9.6%, while by 2023, it decreased to 4.9%, reflecting policy interventions and stabilized food prices. Brazil's inflation spiked to 10.1% in 2021, driven by commodity price surges, but moderated to 4.6% by 2023. China's inflation dropped to deflation at -0.3% in 2023, reflecting subdued demand and slowing economic growth. South Africa's inflation rate in 2023 stood at 5.2%, showing consistent price stability amidst global economic pressures. This analysis provides valuable insights into the inflationary trends and economic stability of BRICS countries over time. The CPI values reflect percentage changes compared to the same period in the previous year.