Core consumer prices in Brazil increased 4.52 percent in May of 2026 over the same month in the previous year. Core Inflation Rate in Brazil averaged 5.38 percent from 2013 until 2026, reaching an all time high of 10.50 percent in June of 2022 and a record low of 1.97 percent in August of 2020. source: Banco Central do Brasil

Core Inflation Rate in Brazil is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Core Inflation Rate is projected to trend around 3.60 percent in 2027 and 3.20 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Consumer Price Index CPI 7657.73 7652.37 points Jul 2026
Core Inflation Rate 4.52 4.37 percent May 2026
CPI Housing Utilities 13043.31 12915.45 points Jul 2026
CPI Transportation 7189.73 7186.14 points Jul 2026
Export Prices 171.42 174.58 points Jul 2026
Food Inflation 3.40 3.82 percent Jul 2026
GDP Deflator 5.80 4.10 percent Dec 2025
IGP-M Inflation MoM -1.16 -0.50 percent Jul 2026
Import Prices 136.55 136.30 points Jul 2026
Inflation Rate YoY 4.44 4.64 percent Jul 2026
Inflation Rate MoM 0.07 0.16 percent Jul 2026
IPC-Fipe Inflation MoM -0.03 0.18 percent Jul 2026
IPCA mid-month CPI MoM 0.06 0.41 percent Jul 2026
IPCA mid-month CPI YoY 4.52 4.80 percent Jul 2026
PPI MoM -0.77 -0.30 percent Jun 2026
Producer Prices 171.57 172.90 points Jun 2026
PPI YoY 2.51 2.00 percent Jun 2026


Brazil Core Inflation Rate
In Brazil, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.
Actual Previous Highest Lowest Dates Unit Frequency
4.52 4.37 10.50 1.97 2013 - 2026 percent Monthly
NSA