Consumer prices in Brazil rose 0.33% month-over-month in January 2026, unchanged from December and broadly in line with market expectations of 0.32%. Transport (0.60%) had the largest impact on the monthly result, while communication posted the biggest increase (0.82%). Housing (-0.11%) and clothing (-0.25%) recorded declines. Fuel prices climbed 2.14%, led by gasoline (+2.06%), which was the main individual upward driver of the month. Food and beverages slowed to 0.23% from 0.27% in December. Regionally, Rio Branco saw the strongest increase (0.81%), while Belém posted the weakest (0.16%). source: Instituto Brasileiro de Geografia e Estatística (IBGE)

The Consumer Price Index in Brazil increased 0.33 percent in January of 2026 over the previous month. Inflation Rate MoM in Brazil averaged 5.58 percent from 1980 until 2026, reaching an all time high of 82.39 percent in March of 1990 and a record low of -0.68 percent in July of 2022. This page provides - Brazil Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

The Consumer Price Index in Brazil increased 0.33 percent in January of 2026 over the previous month. Inflation Rate MoM in Brazil is expected to be 0.10 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 MoM is projected to trend around 0.30 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-09 12:00 PM
Inflation Rate MoM
Dec 0.33% 0.18% 0.35% 0.2%
2026-02-10 12:00 PM
Inflation Rate MoM
Jan 0.33% 0.33% 0.32% 0.2%
2026-03-12 12:00 PM
Inflation Rate MoM
Feb 0.33%

Components Last Previous Unit Reference
CPI Clothing 4123.67 4134.01 points Jan 2026
CPI Education 9297.92 9296.06 points Jan 2026
CPI Food and Beverages 8496.55 8477.05 points Jan 2026
CPI Housing Utilities 12535.25 12549.05 points Jan 2026
CPI Transportation 7034.49 6992.53 points Jan 2026
Food Inflation 2.20 2.95 percent Jan 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 7427.72 7403.29 points Jan 2026
Inflation Rate YoY 4.44 4.26 percent Jan 2026
Inflation Rate MoM 0.33 0.33 percent Jan 2026
IPCA mid-month CPI MoM 0.20 0.25 percent Jan 2026
IPCA mid-month CPI YoY 4.50 4.41 percent Jan 2026


Brazil Inflation Rate MoM
Inflation Rate MoM measures month over month change in the price of goods and services.
Actual Previous Highest Lowest Dates Unit Frequency
0.33 0.33 82.39 -0.68 1980 - 2026 percent Monthly