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

Inflation Rate in Brazil increased to 4.14 percent in March from 3.81 percent in February of 2026. Inflation Rate in Brazil averaged 293.87 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 April of 2026.

Inflation Rate in Brazil increased to 4.14 percent in March from 3.81 percent in February of 2026. Inflation Rate in Brazil is expected to be 4.20 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 3.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-12 12:00 PM
Inflation Rate YoY
Feb 3.81% 4.44% 3.77% 4.1%
2026-04-10 12:00 PM
Inflation Rate YoY
Mar 4.14% 3.81% 4% 3.9%
2026-05-08 12:00 PM
Inflation Rate YoY
Apr 4.14%

Components Last Previous Unit Reference
CPI Clothing 4149.27 4130.27 points Mar 2026
CPI Education 9784.30 9782.34 points Mar 2026
CPI Food and Beverages 8651.53 8518.64 points Mar 2026
CPI Housing Utilities 12600.52 12572.86 points Mar 2026
CPI Transportation 7202.77 7086.55 points Mar 2026
Food Inflation 2.14 1.76 percent Mar 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 7545.53 7479.71 points Mar 2026
Inflation Rate YoY 4.14 3.81 percent Mar 2026
Inflation Rate MoM 0.88 0.70 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


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
4.14 3.81 6821.31 1.65 1980 - 2026 percent Monthly

News Stream
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
Brazil Inflation Rate Slows to 2024-Lows
The annual inflation rate in Brazil slowed to 3.81% in February 2026, the lowest since April 2024, down from 4.44% in January and compared to forecasts of 3.77%. The slowdown was mainly driven by softer price increases for food and beverages (1.8% vs. 2.2% in January) and housing (5.7% vs. 10.0%), particularly electricity prices, which rose 9.4% compared with 27.3% in the previous month due to base effects. In contrast, price pressures strengthened for transportation (2.5% vs. 2.4%), health care (5.7% vs. 5.6%), personal expenses (6% vs. 5.8%), and education (6.5% vs. 6%). Compared with the previous month, the CPI rose 0.7%, marking the largest monthly increase in a year. The main upward pressure came from education (5.21%) and transportation (0.74%). Within education, regular courses increased 6.2%, reflecting the price adjustments typically applied at the start of the academic year. In transportation, airfares surged 11.4%.
2026-03-12
Brazil CPI Edges Up in January
Brazil’s CPI rose 4.44% year-on-year in January 2026, up from 4.26% in December and broadly in line with market expectations of 4.43%. Price pressures were strongest in housing (10.06%), education (5.97%), personal expenses (5.76%), healthcare (5.59%), and clothing (4.88%). Meanwhile, the mildest inflation rates were recorded in household articles (0.01%), communication (1.78%), food and beverages (2.20%), and transport (2.36%). On a monthly basis, consumer prices increased 0.33% in January, the same as in December and compared to forecasts of 0.32%. The largest upward pressure came from transport prices, which rose 0.6%, driven mainly by increases in gasoline prices (2.06%) and city bus fares (5.14%). Communication prices also climbed sharply, rising 0.82%, led by higher telephone prices (2.61%).
2026-02-10