Brazil’s annual inflation rate rose to 4.58% in September 2026 from 4.22% in August, slightly above forecasts of 4.50%. Price growth accelerated for food and beverages (4.66% vs. 3.53%), household articles (2.08% vs. 1.40%), clothing (3.34% vs. 3.25%), transport (3.94% vs. 3.04%) and communication (2.79% vs. 1.96%). Transport costs were partly driven by vehicle fuel inflation, which rose to 4.97% from 4.41% as international oil prices surged amid Middle East tensions. Meanwhile, price growth moderated for housing (4.22% vs. 4.90%), health and personal care (5.75% vs. 5.84%), personal expenses (5.90% vs. 6.16%) and education (5.95% vs. 5.98%). Month over month, consumer prices rose 0.82%, rebounding from a 0.32% decline in August. Inflation reached 3.95% year to date. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Inflation Rate in Brazil increased to 4.58 percent in September from 4.22 percent in August of 2026. Inflation Rate in Brazil averaged 290.71 percent from 1980 until 2026, reaching an all time high of 6821.31 percent in April of 1990 and a record low of 1.65 percent in December of 1998. This page provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

Inflation Rate in Brazil increased to 4.58 percent in September from 4.22 percent in August of 2026. Inflation Rate in Brazil is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Inflation Rate is projected to trend around 4.30 percent in 2027 and 3.80 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-11 12:00 PM
Inflation Rate YoY
Aug 4.22% 4.44% 4.27% 4.2%
2026-10-09 12:00 PM
Inflation Rate YoY
Sep 4.58% 4.22% 4.5% 4.4%
2026-11-12 12:00 PM
Inflation Rate YoY
Oct 4.58% 4.7%

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Components Last Previous Unit Reference
CPI Clothing 4210.79 4181.10 points Sep 2026
CPI Education 9835.19 9831.26 points Sep 2026
CPI Food and Beverages 8846.26 8773.44 points Sep 2026
CPI Housing Utilities 13095.07 12799.40 points Sep 2026
CPI Transportation 7191.34 7127.90 points Sep 2026
Food Inflation 4.64 3.51 percent Sep 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 7695.82 7633.23 points Sep 2026
Inflation Rate YoY 4.58 4.22 percent Sep 2026
Inflation Rate MoM 0.82 -0.32 percent Sep 2026
IPCA mid-month CPI MoM 0.32 0.70 percent Oct 2026
IPCA mid-month CPI YoY 4.62 4.47 percent Oct 2026


Brazil Inflation Rate
In Brazil, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories of the index are: Transport (20 percent); Food and beverages (19 percent of the total weight) ; housing (15 percent); health care (13 percent); and personal expenses (11 percent). Also, Communication accounts for 4 percent; education for 6 percent; clothing for 5 percent; household goods for 4 percent. Data is collected in the Metropolitan Areas of São Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Belém, Fortaleza, Recife, Salvador and Curitiba and in the cities of Goiânia and Brasília.
Actual Previous Highest Lowest Dates Unit Frequency
4.58 4.22 6821.31 1.65 1980 - 2026 percent Monthly

News Stream
Brazil Inflation Edges Above Forecasts
Brazil’s annual inflation rate rose to 4.58% in September 2026 from 4.22% in August, slightly above forecasts of 4.50%. Price growth accelerated for food and beverages (4.66% vs. 3.53%), household articles (2.08% vs. 1.40%), clothing (3.34% vs. 3.25%), transport (3.94% vs. 3.04%) and communication (2.79% vs. 1.96%). Transport costs were partly driven by vehicle fuel inflation, which rose to 4.97% from 4.41% as international oil prices surged amid Middle East tensions. Meanwhile, price growth moderated for housing (4.22% vs. 4.90%), health and personal care (5.75% vs. 5.84%), personal expenses (5.90% vs. 6.16%) and education (5.95% vs. 5.98%). Month over month, consumer prices rose 0.82%, rebounding from a 0.32% decline in August. Inflation reached 3.95% year to date.
2026-10-09
Brazil Inflation Moves Deeper Into BCB Target Range
Brazil’s annual inflation rate eased to 4.22% in August 2026 from 4.44% in July, slightly below forecasts of 4.27% and moving further within the central bank’s target range of 1.50%-4.50%. Price growth slowed for housing (4.90% vs. 5.93%), clothing (3.25% vs. 3.87%), transport (3.04% vs. 3.64%), health and personal care (5.84% vs. 6.16%), and education (5.98% vs. 6.27%). The moderation in transport costs was partly driven by easing fuels and energy inflation, which fell to 4.60% from 7.60%. Although oil prices surged internationally amid tensions in the Middle East, Petrobras refrained from immediately passing on the external volatility to its refineries, resulting in a cumulative gap relative to international market prices. On a monthly basis, consumer prices declined 0.32%, following a marginal 0.1% increase in July. CPI has risen 3.11% year to date.
2026-09-11
Brazil Inflation Returns to Central Bank’s Target Range
Brazil's annual inflation rate eased to 4.44% in July 2026 from 4.64% in June, in line with forecasts and moving back within the central bank's target range of 1.50%-4.50%. Price growth slowed for food and beverages (3.40% vs. 3.82% in June), clothing (3.87% vs. 3.99%), transport (3.64% vs. 3.95%), health and personal care (6.16% vs. 6.21%), personal expenses (5.22% vs. 5.79%), and education (6.27% vs. 6.33%). The moderation in transport costs was partly driven by slower fuel inflation, which eased to 4.43% from 5.28%, as global oil prices retreated from recent highs amid hopes for a US-Iran peace deal and the normalization of Middle Eastern supply. On a monthly basis, consumer prices rose 0.1%, following a 0.2% increase in June, while inflation reached 3.44% year to date.
2026-08-11