Hyperinflation in Brazil

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Hyperinflation in Brazil was a fourteen-year period of three-to-four-digit annual inflation rates from 1980 until 1994.[1] It coincided with the period of economic crisis and political turmoil triggered by the 1970s energy crisis during the Brazilian military dictatorship until the conclusion of the main processes of the democratic transition in the country in the late-1980s/early 1990s.

The republic went through several short-lived currencies, including the cruzado, cruzado novo, cruzeiro, and cruzeiro real, before introducing the Brazilian real in 1994 which proved to be a stable currency.


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