Brazil’s Producer Prices Rise The Most Since 2024

Producer prices in Brazil rose 0.34% month-over-month in January 2026, the strongest increase since December 2024 and the second consecutive monthly gain. Fifteen of the twenty four industrial activities surveyed recorded price increases compared to December. Metallurgy had the largest impact on the overall result, rising 2.73%. Other key contributors included printing (2.73%), other chemical products (1.70%), extractive industries (1.39%), and perfumery, soaps, and cleaning products (1.67%). Over the 12-month period, the PPI fell 4.33%, following a 4.51% decline in December.

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.