Brazil’s annual inflation rate rose to 4.72% in May 2026 from 4.39% in the previous month, slightly above forecasts of 4.66%, and marking the highest since September 2025. Price pressures intensified for food and beverages (3.87% vs 0.69%), housing (6.22% vs 6.19%), clothing (4.60% vs 4.38%), health and personal care (6.04% vs 5.66%), personal expenses (5.77% vs 5.71%), and communication (1.75% vs 1.59%). Energy and fuel inflation remained elevated at 8.90%, edging up from 8.80% in April, reflecting supply disruptions caused by the closure of the Strait of Hormuz amid the US-Iran conflict. However, motor fuel prices rose at a slower pace, increasing 5.34% compared with 6.67% in the previous month. Meanwhile, inflation eased slightly for transportation (4.05% vs 4.15%) and education (6.36% vs 6.41%). source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Inflation Rate in Brazil increased to 4.72 percent in May from 4.39 percent in April of 2026. Inflation Rate in Brazil averaged 292.81 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 June of 2026.

Inflation Rate in Brazil increased to 4.72 percent in May from 4.39 percent in April of 2026. 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 Inflation Rate is projected to trend around 4.30 percent in 2027 and 3.70 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-12 12:00 PM
Inflation Rate YoY
Apr 4.39% 4.14% 4.41% 4.5%
2026-06-12 12:00 PM
Inflation Rate YoY
May 4.72% 4.39% 4.66% 4.6%
2026-07-10 12:00 PM
Inflation Rate YoY
Jun 4.72% 4.5%



Components Last Previous Unit Reference
CPI Clothing 4196.71 4170.85 points May 2026
CPI Education 9790.17 9790.17 points May 2026
CPI Food and Beverages 8884.07 8767.46 points May 2026
CPI Housing Utilities 12834.59 12679.90 points May 2026
CPI Transportation 7173.94 7207.09 points May 2026
Food Inflation 3.87 2.69 percent May 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 7640.15 7596.09 points May 2026
Inflation Rate YoY 4.72 4.39 percent May 2026
Inflation Rate MoM 0.58 0.67 percent May 2026
IPCA mid-month CPI MoM 0.62 0.89 percent May 2026
IPCA mid-month CPI YoY 4.64 4.37 percent May 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
4.72 4.39 6821.31 1.65 1980 - 2026 percent Monthly

News Stream
Brazil Annual Inflation Rises to 8-Month High
Brazil’s annual inflation rate rose to 4.72% in May 2026 from 4.39% in the previous month, slightly above forecasts of 4.66%, and marking the highest since September 2025. Price pressures intensified for food and beverages (3.87% vs 0.69%), housing (6.22% vs 6.19%), clothing (4.60% vs 4.38%), health and personal care (6.04% vs 5.66%), personal expenses (5.77% vs 5.71%), and communication (1.75% vs 1.59%). Energy and fuel inflation remained elevated at 8.90%, edging up from 8.80% in April, reflecting supply disruptions caused by the closure of the Strait of Hormuz amid the US-Iran conflict. However, motor fuel prices rose at a slower pace, increasing 5.34% compared with 6.67% in the previous month. Meanwhile, inflation eased slightly for transportation (4.05% vs 4.15%) and education (6.36% vs 6.41%).
2026-06-12
Brazil Inflation Rate Rises to 4.39% in April
Brazil’s annual inflation rate accelerated to 4.39% in April 2026 from 4.14% in the previous month, slightly below market expectations of 4.41%. Price pressures intensified for food and beverages (2.69% vs 2.16% in March), housing (6.19% vs 5.67%), household articles (0.20% vs 0.10%), transport (4.15% vs 3.69%), and education (6.41% vs 6.40%). Meanwhile, inflation eased slightly for clothing (4.38% vs 4.90%), health and personal care (5.66% vs 5.68%), personal expenses (5.71% vs 5.91%), and communication (1.59% vs 1.70%). On a monthly basis, consumer prices rose 0.67% in April, slowing from a 0.88% increase in the previous month.
2026-05-12
Brazil's Inflation Rises on Transport and Food Costs
Brazil's annual inflation rate rose to 4.14% in March 2026, up from 3.81% in February and slightly above market forecasts of 4.0%. Price pressures intensified in food and beverages (2.16% vs. 1.76%) and transport (3.69% vs. 2.49%), with the latter driven by a sharp rise in vehicle fuel costs (4.32% vs. 0.32%) amid the oil and gas supply crisis stemming from the Middle East conflict and the closure of the Strait of Hormuz. Inflation eased modestly in other categories, such as clothing (4.90% vs. 5.04%). On a monthly basis, the CPI rose 0.88%, following a 0.70% gain in February.
2026-04-10