Brazil Inflation Rate Slows to 2024-Lows

2026-03-12 12:13 By Joana Taborda 1 min. read

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%.



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