Brazil Inflation Rate Rises Less Than Expected

2026-11-12 12:14 By Larissa Caser 1 min. read

Brazil’s annual inflation rose to 4.63% in October from 4.58% in September, below market expectations of an increase to 4.74%, marking a second consecutive monthly increase and the highest rate in four months.

The acceleration was driven by higher price growth in food and beverages, which increased to 5.73% from 4.66% in September.

Inflation also accelerated for household articles (2.88% vs. 2.08%) and communication (3.68% vs. 2.79%), while inflation for education edged up slightly to 5.96% from 5.95%.

In contrast, inflation slowed for transport to 3.2% from 3.94% as fuel inflation softened to 4.3% from 4.97%.

Price growth also slowed for housing (4.01% vs 4.22%), clothing (3.21% vs 3.34%), health and personal care (5.42% vs 5.75%) and personal expenses (5.8% vs 5.9%).

From the previous month, consumer prices rose 0.14% following a 0.82% rise in September, also below market expectations.

As of October, inflation reached 4.1%.



News Stream
Brazil Inflation Rate Rises Less Than Expected
Brazil’s annual inflation rose to 4.63% in October from 4.58% in September, below market expectations of an increase to 4.74%, marking a second consecutive monthly increase and the highest rate in four months. The acceleration was driven by higher price growth in food and beverages, which increased to 5.73% from 4.66% in September. Inflation also accelerated for household articles (2.88% vs. 2.08%) and communication (3.68% vs. 2.79%), while inflation for education edged up slightly to 5.96% from 5.95%. In contrast, inflation slowed for transport to 3.2% from 3.94% as fuel inflation softened to 4.3% from 4.97%. Price growth also slowed for housing (4.01% vs 4.22%), clothing (3.21% vs 3.34%), health and personal care (5.42% vs 5.75%) and personal expenses (5.8% vs 5.9%). From the previous month, consumer prices rose 0.14% following a 0.82% rise in September, also below market expectations. As of October, inflation reached 4.1%.
2026-11-12
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