Brazil’s annual inflation rate eased to 4.22% in August 2026 from 4.44% in July, slightly below forecasts of 4.27% and moving further within the central bank’s target range of 1.50%-4.50%. Price growth slowed for housing (4.90% vs. 5.93%), clothing (3.25% vs. 3.87%), transport (3.04% vs. 3.64%), health and personal care (5.84% vs. 6.16%), and education (5.98% vs. 6.27%). The moderation in transport costs was partly driven by easing fuels and energy inflation, which fell to 4.60% from 7.60%. Although oil prices surged internationally amid tensions in the Middle East, Petrobras refrained from immediately passing on the external volatility to its refineries, resulting in a cumulative gap relative to international market prices. On a monthly basis, consumer prices declined 0.32%, following a marginal 0.1% increase in July. CPI has risen 3.11% year to date. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Inflation Rate in Brazil decreased to 4.22 percent in August from 4.44 percent in July of 2026. Inflation Rate in Brazil averaged 291.23 percent from 1980 until 2026, reaching an all time high of 6821.31 percent in April of 1990 and a record low of 1.65 percent in December of 1998. This page provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

Inflation Rate in Brazil decreased to 4.22 percent in August from 4.44 percent in July of 2026. Inflation Rate in Brazil is expected to be 4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Inflation Rate is projected to trend around 4.30 percent in 2027 and 3.80 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-11 12:00 PM
Inflation Rate YoY
Jul 4.44% 4.64% 4.4% 4.5%
2026-09-11 12:00 PM
Inflation Rate YoY
Aug 4.22% 4.44% 4.27% 4.2%
2026-10-09 12:00 PM
Inflation Rate YoY
Sep 4.22% 4.6%



Components Last Previous Unit Reference
CPI Clothing 4181.10 4176.09 points Aug 2026
CPI Education 9831.26 9785.27 points Aug 2026
CPI Food and Beverages 8773.44 8803.37 points Aug 2026
CPI Housing Utilities 12799.40 13043.31 points Aug 2026
CPI Transportation 7127.90 7189.73 points Aug 2026
Food Inflation 3.53 3.40 percent Aug 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 7633.23 7657.73 points Aug 2026
Inflation Rate YoY 4.22 4.44 percent Aug 2026
Inflation Rate MoM -0.32 0.07 percent Aug 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 Inflation Rate
In Brazil, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories of the index are: Transport (20 percent); Food and beverages (19 percent of the total weight) ; housing (15 percent); health care (13 percent); and personal expenses (11 percent). Also, Communication accounts for 4 percent; education for 6 percent; clothing for 5 percent; household goods for 4 percent. Data is collected in the Metropolitan Areas of São Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Belém, Fortaleza, Recife, Salvador and Curitiba and in the cities of Goiânia and Brasília.
Actual Previous Highest Lowest Dates Unit Frequency
4.22 4.44 6821.31 1.65 1980 - 2026 percent Monthly

News Stream
Brazil Inflation Moves Deeper Into BCB Target Range
Brazil’s annual inflation rate eased to 4.22% in August 2026 from 4.44% in July, slightly below forecasts of 4.27% and moving further within the central bank’s target range of 1.50%-4.50%. Price growth slowed for housing (4.90% vs. 5.93%), clothing (3.25% vs. 3.87%), transport (3.04% vs. 3.64%), health and personal care (5.84% vs. 6.16%), and education (5.98% vs. 6.27%). The moderation in transport costs was partly driven by easing fuels and energy inflation, which fell to 4.60% from 7.60%. Although oil prices surged internationally amid tensions in the Middle East, Petrobras refrained from immediately passing on the external volatility to its refineries, resulting in a cumulative gap relative to international market prices. On a monthly basis, consumer prices declined 0.32%, following a marginal 0.1% increase in July. CPI has risen 3.11% year to date.
2026-09-11
Brazil Inflation Returns to Central Bank’s Target Range
Brazil's annual inflation rate eased to 4.44% in July 2026 from 4.64% in June, in line with forecasts and moving back within the central bank's target range of 1.50%-4.50%. Price growth slowed for food and beverages (3.40% vs. 3.82% in June), clothing (3.87% vs. 3.99%), transport (3.64% vs. 3.95%), health and personal care (6.16% vs. 6.21%), personal expenses (5.22% vs. 5.79%), and education (6.27% vs. 6.33%). The moderation in transport costs was partly driven by slower fuel inflation, which eased to 4.43% from 5.28%, as global oil prices retreated from recent highs amid hopes for a US-Iran peace deal and the normalization of Middle Eastern supply. On a monthly basis, consumer prices rose 0.1%, following a 0.2% increase in June, while inflation reached 3.44% year to date.
2026-08-11
Brazil Annual Inflation Eases in June
Brazil's annual inflation rate eased to 4.64% in June 2026 from 4.72% in May, below market expectations of 4.80%. Price growth slowed for food and beverages (3.82% vs. 3.87%), housing (5.85% vs. 6.22%), clothing (3.99% vs. 4.60%), transport (3.95% vs. 4.05%), and education (6.33% vs. 6.36%). Meanwhile, inflation accelerated for household articles (0.69% vs. 0.54%), health and personal care (6.21% vs. 6.04%), personal expenses (5.79% vs. 5.77%), and communication (1.83% vs. 1.75%). Energy and fuel inflation remained elevated at 7.71%, reflecting supply disruptions linked to the closure of the Strait of Hormuz during the US-Iran conflict, although it eased from 8.90% in May as geopolitical tensions showed signs of moderating. On a monthly basis, consumer prices rose 0.16%, following a 0.58% increase in May.
2026-07-10