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Brazil CPI Edges Up in January
Brazil’s CPI rose 4.44% year-on-year in January 2026, up from 4.26% in December and broadly in line with market expectations of 4.43%. Price pressures were strongest in housing (10.06%), education (5.97%), personal expenses (5.76%), healthcare (5.59%), and clothing (4.88%). Meanwhile, the mildest inflation rates were recorded in household articles (0.01%), communication (1.78%), food and beverages (2.20%), and transport (2.36%). On a monthly basis, consumer prices increased 0.33% in January, the same as in December and compared to forecasts of 0.32%. The largest upward pressure came from transport prices, which rose 0.6%, driven mainly by increases in gasoline prices (2.06%) and city bus fares (5.14%). Communication prices also climbed sharply, rising 0.82%, led by higher telephone prices (2.61%).
Published on 2026-02-10

Brazil CPI Edges Up in January
Brazil’s CPI rose 4.44% year-on-year in January 2026, up from 4.26% in December and broadly in line with market expectations of 4.43%. Price pressures were strongest in housing (10.06%), education (5.97%), personal expenses (5.76%), healthcare (5.59%), and clothing (4.88%). Meanwhile, the mildest inflation rates were recorded in household articles (0.01%), communication (1.78%), food and beverages (2.20%), and transport (2.36%). On a monthly basis, consumer prices increased 0.33% in January, unchanged from the previous month.
Published on 2026-02-10

Brazil CPI Edges Up in January
Brazil’s CPI rose 4.44% year-on-year in January 2026, up from 4.26% in December and broadly in line with market expectations of 4.43%. Price pressures intensified in housing (10.06% vs 6.79%) and communication (1.78% vs 0.77%). Meanwhile, inflation eased in food and beverages (2.20% vs 2.95%), clothing (4.88% vs 4.99%), and transport (2.36% vs 2.65%). On a monthly basis, consumer prices increased 0.33% in January, unchanged from the previous month.
Published on 2026-02-10

Brazil Inflation Slows to 16-Month Low in December
Brazil’s annual inflation rate eased to 4.26% in December 2025 from 4.46% in November, marking the lowest reading since August 2024 and coming slightly below market expectations of 4.30%. Price pressures were strongest in housing (6.79%), followed by education (6.22%), personal expenses (5.87%), and health and personal care (5.59%). Food and beverages inflation slowed notably to 2.95% from 3.88% in November. Residential electricity prices jumped 12.31% in 2025, representing the single largest subitem impact, amid tariff adjustments and the application of all tariff flags throughout the year. In contrast, household articles recorded deflation (-0.28%). On a monthly basis, consumer prices rose 0.33% in December, accelerating from 0.18% in the prior month but remaining slightly below forecasts of 0.35%.
Published on 2026-01-09

Brazil Inflation Slows to 14-Month Low in November
Brazil’s annual inflation slowed to 4.46% in November 2025 from 4.68% in October, coming in below expectations of 4.49% and marking the lowest rate since September 2024. Deflation was recorded in household articles (-0.26% vs 0.43%). Price pressures eased for food and beverages (3.88% vs 5.50%), transport (3.00% vs 3.69%),personal expenses (6.14% vs 6.83%), and communication (0.77% vs 0.88%). In contrast, inflation accelerated for housing (6.54% vs 4.36%), clothing (5.71% vs 5.07%), health and self-care (5.44% vs 5.42%), and education (6.26% vs 6.21%). Rio Branco registered the lowest regional inflation at 3.21%. Month-on-month, consumer prices rose 0.18%, up from 0.10% in October.
Published on 2025-12-10

Brazil Inflation Slows to 14-Month Low in November
The annual inflation rate in Brazil fell to 4.46% in November 2025 from 4.68% in the previous month, the lowest since September 2024 and below market expectations of 4.49%. Prices eased for food and beverages (3.88% vs 5.50%), transport (3.00% vs 3.69%),personal expenses (6.14% vs 6.83%), and communication (0.77% vs 0.88%). Also, cost fell for household articles (-0.26% vs 0.43%). In contrast, inflation accelerated for housing (6.54% vs 4.36%), clothing (5.71% vs 5.07%), health and self-care (5.44% vs 5.42%), and education (6.26% vs 6.21%). Rio Branco registered the lowest regional inflation at 3.21%. Month-on-month, consumer prices rose 0.18%, up from 0.10% in October.
Published on 2025-12-10

Brazil Inflation Slows to 14-Month Low in November
Brazil’s annual inflation slowed to 4.46% in November 2025 from 4.68% in October, coming in below expectations of 4.49% and marking the lowest rate since September 2024. Deflation was recorded in household articles (-0.26% vs 0.43%). Price pressures eased for food and beverages (3.88% vs 5.50%), transport (3.00% vs 3.69%), health and self-care (5.44% vs 5.42%), education (6.26% vs 6.21%), and communication (0.77% vs 0.88%). In contrast, inflation accelerated for housing (6.54% vs 4.36%), clothing (5.71% vs 5.07%), and personal expenses (6.14% vs 6.83%). Rio Branco registered the lowest regional inflation at 3.21%. Month-on-month, consumer prices rose 0.18%, up from 0.10% in October.
Published on 2025-12-10

Brazil Inflation Slows to Nine-Month Low in October
The annual inflation rate in Brazil fell to 4.68% in October of 2025 from 5.17% in September, below market expectations of 4.75% to mark the lowest level since January. Inflation slowed for food and beverages (5.5% vs 6.61% in September), housing (4.36% vs 6.24%), household goods (0.43% vs 1.21%), personal expenses (6.83% vs 7.10%), and communication (0.88% vs 1.56%). In contrast, prices accelerated for clothing (5.07% vs 4.93%), transport (3.69% vs 3.18%), health and personal care (5.42% vs 5.39%), and education (6.21% vs 6.19%). Goiania posted the highest regional inflation at 6.41%. On a monthly basis, consumer prices rose 0.1%, decelerating from a 0.48% increase in September. (editado)
Published on 2025-11-11

Brazil Inflation Slows to Nine-Month Low
The annual inflation rate in Brazil fell to 4.68% in October of 2025 from 5.17% in September, below market expectations of 4.75% to mark the lowest level since January. Inflation slowed for food and beverages (5.5% vs 6.61% in September), housing (4.36% vs 6.24%), household goods (0.43% vs 1.21%), personal expenses (6.83% vs 7.10%), and communication (0.88% vs 1.56%). In contrast, prices accelerated for clothing (5.07% vs 4.93%), transport (3.69% vs 3.18%), health and personal care (5.42% vs 5.39%), and education (6.21% vs 6.19%). Goiania posted the highest regional inflation at 6.41%. On a monthly basis, consumer prices rose 0.1%, decelerating from a 0.48% increase in September. (editado)
Published on 2025-11-11

Brazil Inflation Slows to 9-Month Low
The annual inflation rate in Brazil fell to 4.68% in October of 2025 from 5.17% in September, below market expectations of 4.75% to mark the lowest level since January. Inflation slowed for food and beverages (5.5% vs 6.61% in September), housing (4.36% vs 6.24%), household goods (0.43% vs 1.21%), personal expenses (6.83% vs 7.10%), and communication (0.88% vs 1.56%). In contrast, prices accelerated for clothing (5.07% vs 4.93%), transport (3.69% vs 3.18%), health and personal care (5.42% vs 5.39%), and education (6.21% vs 6.19%). Goiania posted the highest regional inflation at 6.41%. On a monthly basis, consumer prices rose 0.1%, decelerating from a 0.48% increase in September. (editado)
Published on 2025-11-11

Brazil Inflation Slows to 9-Month Low
The annual inflation rate in Brazil fell to 4.68% in October of 2025 from 5.17% in September, below market expectations of 4.75% to mark the lowest level since January. Inflation slowed for food and beverages (5.5% vs 6.61% in September), housing (4.36% vs 6.24%), household goods (0.43% vs 1.21%), personal expenses (6.83% vs 7.10%), and communication (0.88% vs 1.56%). In contrast, prices accelerated for clothing (5.07% vs 4.93%), transport (3.69% vs 3.18%), health and personal care (5.42% vs 5.39%), and education (6.21% vs 6.19%). Goiania posted the highest regional inflation at 6.41%. On a monthly basis, consumer prices rose 0.1%, decelerating from a 0.48% increase in September.
Published on 2025-11-11

Brazil Inflation Rises Slightly in September
Brazil’s annual inflation rate edged up to 5.17% in September 2025 from 5.13% in August, slightly below market expectations of 5.22%. The gain was driven by higher costs for housing (6.24% vs 5.03%), clothing (4.93% vs 4.47%), personal expenses (7.10% vs 6.23%), and education (6.19% vs 6.17%). Price growth slowed for food and beverages (6.61% vs 7.42%), household items (1.21% vs 1.42%), transport (3.18% vs 3.31%), healthcare (5.39% vs 5.70%), and communication (1.56% vs 1.69%). Among major metropolitan areas, São Paulo recorded the highest inflation at 5.83% (vs 5.61%). On a monthly basis, consumer prices rose 0.48%, reversing a 0.11% decline in August.
Published on 2025-10-09

Brazil Inflation Rises Slightly in September
Brazil’s annual inflation rate edged up to 5.17% in September 2025 from 5.13% in August, slightly below market expectations of 5.22%. The acceleration was driven by higher costs for housing (6.24% vs 5.03%), clothing (4.93% vs 4.47%), personal expenses (7.10% vs 6.23%), and education (6.19% vs 6.17%). Price growth slowed for food and beverages (6.61% vs 7.42%), household items (1.21% vs 1.42%), transport (3.18% vs 3.31%), healthcare (5.39% vs 5.70%), and communication (1.56% vs 1.69%). Among major metropolitan areas, São Paulo recorded the highest inflation at 5.83% (vs 5.61%). On a monthly basis, consumer prices rose 0.48%, reversing a 0.11% decline in August.
Published on 2025-10-09

Brazil Inflation Accelerates in September
Brazil’s annual inflation rate edged up to 5.17% in September 2025 from 5.13% in August, slightly below market expectations of 5.22%. The acceleration was driven by higher costs for housing (6.24% vs 5.03%), clothing (4.93% vs 4.47%), personal expenses (7.10% vs 6.23%), and education (6.19% vs 6.17%). Price growth slowed for food and beverages (6.61% vs 7.42%), household items (1.21% vs 1.42%), transport (3.18% vs 3.31%), healthcare (5.39% vs 5.70%), and communication (1.56% vs 1.69%). Among major metropolitan areas, São Paulo recorded the highest inflation at 5.83% (vs 5.61%). On a monthly basis, consumer prices rose 0.48%, reversing a 0.11% decline in August.
Published on 2025-10-09

Brazil Inflation Rate Slows in August
Brazil's annual inflation rate eased to 5.13% in August 2025 from 5.23% in July, close to market expectations of 5.10%. The slowdown was driven by softer price increases in food and beverages (7.42% vs 7.44%), housing (5.03% vs 5.44%), household articles (1.42% vs 2.26%), transport (3.31% vs 3.60%), and communication (1.69% vs 1.89%). On the other hand, inflation picked up for clothing (4.47% vs 4.12%), health and personal care (5.70% vs 5.40%), personal expenses (6.23% vs 6.07%), and education (6.17% vs 6.15%). On a monthly basis, consumer prices fell 0.11% after rising 0.26% in July.
Published on 2025-09-10

Brazil Inflation Slows in July
Brazil’s annual inflation rate slowed to 5.23% in July 2025, the lowest in five months, from 5.35% in June and below market expectations of 5.33%. The slowdown was mainly driven by weaker price growth in transport (3.6% in July vs 5.11% in June), clothing (4.12% vs 4.68%), education (6.15% vs 6.21%), and communication (1.89% vs 2.16%). In contrast, inflation quickened for food and beverages (7.44% vs 6.66%), housing (5.44% vs 5.3%), healthcare (5.4% vs 5.16%), and personal expenses (6.07% vs 5.81%). On a monthly basis, consumer prices rose 0.26% in July, slightly up from 0.24% in June, led by a 3.04% jump in household electricity while prices for clothing declined 0.54%. The central bank of Brazil kept interest rates at 15% in July to curb cost-of-living pressures, signaling the need to remain vigilant against above-target inflation and the lingering effects of US President Donald Trump’s trade war.
Published on 2025-08-12

Brazil Inflation Slows in July
Brazil’s annual inflation rate slowed to 5.23% in July 2025 from 5.35% in June, below market expectations of 5.33%. The central bank kept interest rates at 15% to curb cost-of-living pressures, signaling the need to remain vigilant against above-target inflation and the lingering effects of US President Donald Trump’s trade war. The slowdown was mainly driven by weaker price growth in transport (3.6% in July vs 5.11% in June), clothing (4.12% vs 4.68%), education (6.15% vs 6.21%), and communication (1.89% vs 2.16%). In contrast, inflation quickened for food and beverages (7.44% vs 6.66%), housing (5.44% vs 5.3%), healthcare (5.4% vs 5.16%), and personal expenses (6.07% vs 5.81%). On a monthly basis, consumer prices rose 0.26% in July, up from 0.24% in June.
Published on 2025-08-12

Brazil Inflation Rate Edges Higher in June
Brazil’s annual inflation rate edged up to 5.35% in June 2025 from 5.32% in May, marking the ninth consecutive month above the central bank’s 4.5% target ceiling. Inflation accelerated in several categories, including transport (5.11% vs 4.64%), housing (5.30% vs 4.53%), communication (2.16% vs 1.96%) and clothing (4.68% vs 3.92%). In contrast, price growth slowed for food (6.66% vs 7.33%), healthcare (5.16% vs 5.66%), personal expenses (5.81% vs 5.87%), education (6.21% vs 6.27%), and household items (2.66% vs 2.77%). On a monthly basis, consumer prices rose 0.24% in June, slightly down from 0.26% in May. With the implementation of the Red Flag Level 1 tariff in June—adding BRL 4.46 to electricity bills for every 100 kWh consumed—residential electricity prices rose 2.96%, making the largest upward contribution while prices for food fell 0.18%.
Published on 2025-07-10

Brazil Inflation Rises in June
Brazil Inflation Rise Edges Higher in June Brazil’s annual inflation rate edged up to 5.35% in June 2025 from 5.32% in May, marking the ninth consecutive month above the central bank’s 4.5% target ceiling. Inflation accelerated in several categories, including transport (5.11% vs 4.64%), housing (5.30% vs 4.53%), communication (2.16% vs 1.96%) and clothing (4.68% vs 3.92%). In contrast, price growth slowed for food (6.66% vs 7.33%), healthcare (5.16% vs 5.66%), personal expenses (5.81% vs 5.87%), education (6.21% vs 6.27%), and household items (2.66% vs 2.77%). On a monthly basis, consumer prices rose 0.24% in June, slightly down from 0.26% in May. With the implementation of the Red Flag Level 1 tariff in June—adding BRL 4.46 to electricity bills for every 100 kWh consumed—residential electricity prices rose 2.96%, making the largest upward contribution while prices for food fell 0.18%.
Published on 2025-07-10

Brazil Inflation Rise Edges Higher in June
Brazil’s annual inflation rate edged up to 5.35% in June 2025 from 5.32% in May, marking the ninth consecutive month above the central bank’s 4.5% target ceiling. Inflation accelerated in several categories, including transport (5.11% vs 4.64%), housing (5.30% vs 4.53%), communication (2.16% vs 1.96%) and clothing (4.68% vs 3.92%). In contrast, price growth slowed for food (6.66% vs 7.33%), healthcare (5.16% vs 5.66%), personal expenses (5.81% vs 5.87%), education (6.21% vs 6.27%), and household items (2.66% vs 2.77%). On a monthly basis, consumer prices rose 0.24% in June, slightly down from 0.26% in May. With the implementation of the Red Flag Level 1 tariff in June—adding BRL 4.46 to electricity bills for every 100 kWh consumed—residential electricity prices rose 2.96%, making the largest upward contribution while prices for food fell 0.18%.
Published on 2025-07-10