Brazil’s CPI rose 4.44% year-on-year in January 2026, up from 4.26% in December and broadly in line with market expectations of 4.43%. Price pressures were strongest in housing (10.06%), education (5.97%), personal expenses (5.76%), healthcare (5.59%), and clothing (4.88%). Meanwhile, the mildest inflation rates were recorded in household articles (0.01%), communication (1.78%), food and beverages (2.20%), and transport (2.36%). On a monthly basis, consumer prices increased 0.33% in January, the same as in December and compared to forecasts of 0.32%. The largest upward pressure came from transport prices, which rose 0.6%, driven mainly by increases in gasoline prices (2.06%) and city bus fares (5.14%). Communication prices also climbed sharply, rising 0.82%, led by higher telephone prices (2.61%). source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Inflation Rate in Brazil increased to 4.44 percent in January from 4.26 percent in December of 2025. Inflation Rate in Brazil averaged 294.94 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 February of 2026.

Inflation Rate in Brazil increased to 4.44 percent in January from 4.26 percent in December of 2025. Inflation Rate in Brazil is expected to be 4.10 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 3.70 percent in 2027 and 3.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-09 12:00 PM
Inflation Rate YoY
Dec 4.26% 4.46% 4.30% 4.4%
2026-02-10 12:00 PM
Inflation Rate YoY
Jan 4.44% 4.26% 4.43% 4.4%
2026-03-12 12:00 PM
Inflation Rate YoY
Feb 4.44%

Components Last Previous Unit Reference
CPI Clothing 4123.67 4134.01 points Jan 2026
CPI Education 9297.92 9296.06 points Jan 2026
CPI Food and Beverages 8496.55 8477.05 points Jan 2026
CPI Housing Utilities 12535.25 12549.05 points Jan 2026
CPI Transportation 7034.49 6992.53 points Jan 2026
Food Inflation 2.20 2.95 percent Jan 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 7427.72 7403.29 points Jan 2026
Inflation Rate YoY 4.44 4.26 percent Jan 2026
Inflation Rate MoM 0.33 0.33 percent Jan 2026
IPCA mid-month CPI MoM 0.20 0.25 percent Jan 2026
IPCA mid-month CPI YoY 4.50 4.41 percent Jan 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
4.44 4.26 6821.31 1.65 1980 - 2026 percent Monthly

News Stream
Brazil CPI Edges Up in January
Brazil’s CPI rose 4.44% year-on-year in January 2026, up from 4.26% in December and broadly in line with market expectations of 4.43%. Price pressures were strongest in housing (10.06%), education (5.97%), personal expenses (5.76%), healthcare (5.59%), and clothing (4.88%). Meanwhile, the mildest inflation rates were recorded in household articles (0.01%), communication (1.78%), food and beverages (2.20%), and transport (2.36%). On a monthly basis, consumer prices increased 0.33% in January, the same as in December and compared to forecasts of 0.32%. The largest upward pressure came from transport prices, which rose 0.6%, driven mainly by increases in gasoline prices (2.06%) and city bus fares (5.14%). Communication prices also climbed sharply, rising 0.82%, led by higher telephone prices (2.61%).
2026-02-10
Brazil Inflation Slows to 16-Month Low in December
Brazil’s annual inflation rate eased to 4.26% in December 2025 from 4.46% in November, marking the lowest reading since August 2024 and coming slightly below market expectations of 4.30%. Price pressures were strongest in housing (6.79%), followed by education (6.22%), personal expenses (5.87%), and health and personal care (5.59%). Food and beverages inflation slowed notably to 2.95% from 3.88% in November. Residential electricity prices jumped 12.31% in 2025, representing the single largest subitem impact, amid tariff adjustments and the application of all tariff flags throughout the year. In contrast, household articles recorded deflation (-0.28%). On a monthly basis, consumer prices rose 0.33% in December, accelerating from 0.18% in the prior month but remaining slightly below forecasts of 0.35%.
2026-01-09
Brazil Inflation Slows to 14-Month Low in November
The annual inflation rate in Brazil fell to 4.46% in November 2025 from 4.68% in the previous month, the lowest since September 2024 and below market expectations of 4.49%. Prices eased for food and beverages (3.88% vs 5.50%), transport (3.00% vs 3.69%),personal expenses (6.14% vs 6.83%), and communication (0.77% vs 0.88%). Also, cost fell for household articles (-0.26% vs 0.43%). In contrast, inflation accelerated for housing (6.54% vs 4.36%), clothing (5.71% vs 5.07%), health and self-care (5.44% vs 5.42%), and education (6.26% vs 6.21%). Rio Branco registered the lowest regional inflation at 3.21%. Month-on-month, consumer prices rose 0.18%, up from 0.10% in October.
2025-12-10