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. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Inflation Rate in Brazil decreased to 4.44 percent in July from 4.64 percent in June of 2026. Inflation Rate in Brazil averaged 291.76 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 August of 2026.

Inflation Rate in Brazil decreased to 4.44 percent in July from 4.64 percent in June of 2026. Inflation Rate in Brazil is expected to be 4.60 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 3.70 percent in 2027 and 3.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-10 12:00 PM
Inflation Rate YoY
Jun 4.64% 4.72% 4.80% 4.83%
2026-08-11 12:00 PM
Inflation Rate YoY
Jul 4.44% 4.64% 4.4% 4.5%
2026-09-11 12:00 PM
Inflation Rate YoY
Aug 4.44%



Components Last Previous Unit Reference
CPI Clothing 4176.09 4203.84 points Jul 2026
CPI Education 9785.27 9788.21 points Jul 2026
CPI Food and Beverages 8803.37 8862.75 points Jul 2026
CPI Housing Utilities 13043.31 12915.45 points Jul 2026
CPI Transportation 7189.73 7186.14 points Jul 2026
Food Inflation 3.40 3.82 percent Jul 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 7657.73 7652.37 points Jul 2026
Inflation Rate YoY 4.44 4.64 percent Jul 2026
Inflation Rate MoM 0.07 0.16 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


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
4.44 4.64 6821.31 1.65 1980 - 2026 percent Monthly

News Stream
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
Brazil Annual Inflation Eases in June
Brazil's annual inflation rate eased to 4.64% in June 2026 from 4.72% in May, below market expectations of 4.80%. Price growth slowed for food and beverages (3.82% vs. 3.87%), housing (5.85% vs. 6.22%), clothing (3.99% vs. 4.60%), transport (3.95% vs. 4.05%), and education (6.33% vs. 6.36%). Meanwhile, inflation accelerated for household articles (0.69% vs. 0.54%), health and personal care (6.21% vs. 6.04%), personal expenses (5.79% vs. 5.77%), and communication (1.83% vs. 1.75%). Energy and fuel inflation remained elevated at 7.71%, reflecting supply disruptions linked to the closure of the Strait of Hormuz during the US-Iran conflict, although it eased from 8.90% in May as geopolitical tensions showed signs of moderating. On a monthly basis, consumer prices rose 0.16%, following a 0.58% increase in May.
2026-07-10
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