Brazil's Producer Prices Fall in February

2026-03-31 12:52 By Isabela Couto 1 min. read

Brazil's producer prices fell 0.25% month-over-month in February 2026, with 13 of 24 sectors declining.

Food led the fall for the 10th straight month at -0.87%, followed by extractives at -0.61%, refining at -0.50%, and chemicals at -0.26%.

Motor vehicles reversed eight months of gains, dropping 0.68%.

Top risers included electrical gear up 1.73%, perfumery up 1.44%, metallurgy up 1.41%, and apparel up 1.32%.

Declines reflected weak demand and falling input costs, though selective gains in durables and staples persist.

Geopolitical risks and high rates continue to dampen pricing power.

The central bank's recent Selic cut may support gradual recovery, but sustained industrial price growth hinges on stronger consumption and stable energy costs, still uncertain amid Middle East tensions.

The PPI fell 4.47% on a 12-month basis, while year-to-date PPI rose 0.07%.



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Brazil's Producer Prices Fall in February
Brazil's producer prices fell 0.25% month-over-month in February 2026, with 13 of 24 sectors declining. Food led the fall for the 10th straight month at -0.87%, followed by extractives at -0.61%, refining at -0.50%, and chemicals at -0.26%. Motor vehicles reversed eight months of gains, dropping 0.68%. Top risers included electrical gear up 1.73%, perfumery up 1.44%, metallurgy up 1.41%, and apparel up 1.32%. Declines reflected weak demand and falling input costs, though selective gains in durables and staples persist. Geopolitical risks and high rates continue to dampen pricing power. The central bank's recent Selic cut may support gradual recovery, but sustained industrial price growth hinges on stronger consumption and stable energy costs, still uncertain amid Middle East tensions. The PPI fell 4.47% on a 12-month basis, while year-to-date PPI rose 0.07%.
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