Brazil's IPCA-15 consumer price index fell by 0.4% in August 2026, following a 0.06% rise in the previous period, slightly more than the expected 0.3% decrease. This marked the first drop in a year and the steepest since August 2022. Housing prices fell 1.41%, mainly driven by a 6.25% drop in residential electricity prices, which had the largest negative impact on the overall index. The decline reflected the Itaipu Bonus credited to electricity bills issued in August, while the yellow tariff remained in effect. Further downward pressure came from transportation and food, with prices falling 1% and 0.57%, respectively, amid cheaper airfares and fuels and declines in key food items such as tomatoes, potatoes, carrots and ground coffee. Conversely, prices increased the most for personal expenses (+0.66%), driven by higher cigarette prices, and education (+0.46%). Yearly, the IPCA-15 inflation fell to 4.24% from 4.52% previously, below the market consensus of 4.34%. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Mid-month Inflation Rate MoM in Brazil decreased to -0.40 percent in August from 0.06 percent in July of 2026. Mid-month Inflation Rate MoM in Brazil averaged 0.49 percent from 2000 until 2026, reaching an all time high of 3.05 percent in December of 2002 and a record low of -0.73 percent in August of 2022. This page includes a chart with historical data for Brazil Mid-month Inflation Rate MoM. Brazil Mid-month Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

Mid-month Inflation Rate MoM in Brazil decreased to -0.40 percent in August from 0.06 percent in July of 2026. Mid-month Inflation Rate MoM in Brazil is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Mid-month 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
2026-07-28 12:00 PM
IPCA mid-month CPI MoM
Jul 0.06% 0.41% 0.20% 0.4%
2026-08-26 12:00 PM
IPCA mid-month CPI MoM
Aug -0.4% 0.06% -0.3% -0.1%
2026-09-25 12:00 PM
IPCA mid-month CPI MoM
Sep -0.4% 0.3%


Related Last Previous Unit Reference
Consumer Price Index CPI 7657.73 7652.37 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
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 -0.40 0.06 percent Aug 2026
IPCA mid-month CPI YoY 4.24 4.52 percent Aug 2026


Brazil Mid-month Inflation Rate MoM
Actual Previous Highest Lowest Dates Unit Frequency
-0.40 0.06 3.05 -0.73 2000 - 2026 percent Monthly
NSA

News Stream
Brazil IPCA-15 CPI Falls More than Expected
Brazil's IPCA-15 consumer price index fell by 0.4% in August 2026, following a 0.06% rise in the previous period, slightly more than the expected 0.3% decrease. This marked the first drop in a year and the steepest since August 2022. Housing prices fell 1.41%, mainly driven by a 6.25% drop in residential electricity prices, which had the largest negative impact on the overall index. The decline reflected the Itaipu Bonus credited to electricity bills issued in August, while the yellow tariff remained in effect. Further downward pressure came from transportation and food, with prices falling 1% and 0.57%, respectively, amid cheaper airfares and fuels and declines in key food items such as tomatoes, potatoes, carrots and ground coffee. Conversely, prices increased the most for personal expenses (+0.66%), driven by higher cigarette prices, and education (+0.46%). Yearly, the IPCA-15 inflation fell to 4.24% from 4.52% previously, below the market consensus of 4.34%.
2026-08-26
Brazil Mid-Month Inflation Comes in Below Forecasts
Consumer prices in Brazil rose 0.06% in the month to mid-July 2026, slowing sharply from 0.41% in June and coming in below forecasts of 0.2%. The reading marked the lowest mid-month inflation rate since August 2025. Food and beverage prices provided the largest downward contribution, falling 0.66%. Food consumed at home dropped 1.14%, while food away from home accelerated to 0.55%. Housing was the main source of inflationary pressure, rising 0.97%, driven by a 3.03% increase in residential electricity prices following the introduction of the yellow tariff flag and regulated tariff adjustments in several cities. Transportation prices rose 0.11%, as an 11.7% jump in airfares more than offset lower fuel prices amid easing concerns over the Middle East oil supply crisis. Health and personal care costs increased 0.28%, led by higher personal hygiene product prices. The 12-month inflation rate eased to 4.52% from 4.58% in June.
2026-07-28
Brazil Mid-Month Inflation Eases in June
Consumer prices in Brazil rose 0.41% month-over-month in the month to mid-June 2026, slowing from 0.62% in mid-May and coming in slightly below forecasts of 0.44%. Cost of food and beverages eased to 0.74% from 1.38%, as prices of food consumed at home decelerated to 0.87% from 1.73%. Housing inflation also fell to 0.72% from 1.03% in May. In health and personal care, prices rose 0.47%, easing from 1.05% in the previous month. Transportation fell 0.03% after declining 0.33% in May, as lower fuel prices offset increases in airfares and public transportation. Regionally, Brasília posted the highest increase at 0.93%, driven by airfares and gasoline, while Rio de Janeiro, Curitiba, and Salvador recorded the lowest readings at 0.28%. Mid-month inflation reached 3.45% year-to-date and 4.80% over the last 12 months.
2026-06-25