Core consumer prices in Brazil increased 4.72 percent in November of 2025 over the same month in the previous year. Core Inflation Rate in Brazil averaged 5.42 percent from 2013 until 2025, 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 4.50 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 3.90 percent in 2027 and 2.90 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Consumer Price Index CPI 7545.53 7479.71 points Mar 2026
Core Inflation Rate 4.72 4.89 percent Nov 2025
CPI Housing Utilities 12600.52 12572.86 points Mar 2026
CPI Transportation 7202.77 7086.55 points Mar 2026
Export Prices 159.00 158.00 points Mar 2026
Food Inflation 2.14 1.76 percent Mar 2026
GDP Deflator 5.80 4.10 percent Dec 2025
IGP-M Inflation MoM 0.52 -0.73 percent Mar 2026
Import Prices 127.00 122.00 points Mar 2026
Inflation Rate YoY 4.14 3.81 percent Mar 2026
Inflation Rate MoM 0.88 0.70 percent Mar 2026
IPC-Fipe Inflation MoM 0.59 0.25 percent Mar 2026
IPCA mid-month CPI MoM 0.44 0.84 percent Mar 2026
IPCA mid-month CPI YoY 3.90 4.10 percent Mar 2026
PPI MoM -0.25 0.32 percent Feb 2026
Producer Prices 165.09 165.50 points Feb 2026
PPI YoY -4.47 -4.33 percent Feb 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
4.72 4.89 10.50 1.97 2013 - 2025 percent Monthly
NSA