Brazil Mid-Month Inflation Comes in Below Forecasts

2026-07-28 12:21 By Isabela Couto 1 min. read

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.



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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
Brazil Mid-Month CPI Rises More Than Expected in May
Consumer prices in Brazil rose 0.62% month-on-month in the first half of May 2026, slowing from 0.89% in April but exceeding forecasts of 0.53%. Among the nine categories surveyed, food and beverages posted the largest increase, rising 1.38%, with at-home food prices up 1.73%, led by potatoes (26.29%), tomatoes (12.97%), long-life milk (6.07%), and meat (1.98%). Housing costs rose 1.03%, mainly due to a 2.16% increase in residential electricity prices following the return of the yellow tariff flag. Health and personal care advanced 1.05% as pharmaceutical products climbed 1.25% after authorized medicine price adjustments. Transport was the only category to decline, falling 0.33%, as ethanol, diesel, and gasoline prices dropped. Regionally, Goiânia recorded the highest inflation rate at 1.41%, while Brasília posted the lowest at 0.33%. On an annual basis, prices increased 4.64%.
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