# Consumer Price Index (CPI) Trends for BRICS Countries
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.
- **India:** 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:** Brazil's inflation spiked to **10.1%** in 2021, driven by commodity price surges, but moderated to **4.6%** by 2023.
- **China:** China's inflation dropped to deflation of **-0.3%** in 2023, reflecting subdued demand and slowing economic growth.
- **South Africa:** South Africa's inflation rate in 2023 stood at **5.2%**, showing consistent **price stability** amidst global economic pressures.
- **Analysis:** This analysis provides valuable insights into the **inflationary trends** and **economic stability** of BRICS countries over time.
- **CPI values** reflect percentage changes compared to the same period in the previous year.