Brazilian Producer Prices Fall for 10-Month

Producer prices in Brazil rose 0.12% month-over-month in December 2025, with 12 of 24 industrial activities posting increases. The strongest gains came from extractive industries (3.13%), metallurgy (2.24%), machinery and electrical equipment (1.87%), and other transport equipment (1.74%). Food products (-0.76%) were the main negative contributor to the headline result. By economic category, prices advanced 0.53% for capital goods and 0.34% for intermediate goods, while consumer goods fell 0.25%. The PPI stood at -4.53% in 2025, matching the 12-month accumulation.

Producer prices in Brazil fell by 0.37% from the previous month in November of 2025, extending the 0.47% decline from October to mark the 10th consecutive month of lower producer prices. The drop was sustained by monthly deflation in intermediate goods (-0.75% vs -0.64% in October). In the meantime, prices were loosely unchanged for capital goods (-0.01% vs 0.23%) and non-durable consumer goods (0.04% vs -0.43%). On the other hand, prices inched higher for durable consumer goods (0.30% vs 0.00%). From the previous year, producer prices fell by 3.38%, the sharpest decline since March of 2024.

Brazil’s producer prices fell 0.25% month-on-month in September 2025, following a 0.21% drop in August, marking the eighth consecutive decline in the PPI. Prices decreased in 12 of 24 industrial activities, led by wood (-3.08%), apparel (-2.29%), and other chemical products (-1.75%). Food prices fell 0.4%, extending their losing streak to five months. Paper and pulp dropped 0.85%, while machinery and equipment were down 1.17%. In contrast, printing rose 3.59%, mining gained 0.53%, petroleum refining and biofuels increased 0.21%, pharmaceuticals advanced 1.49%, metallurgy edged up 0.14%, and motor vehicles rose 0.50%. By major economic category, capital goods declined 0.45%, intermediate goods 0.60%, while consumer goods increased 0.29%. Year-on-year, producer prices fell 0.4%.