Brazil’s annual inflation rate slowed to 5.23% in July 2025, the lowest in five months, from 5.35% in June and below market expectations of 5.33%. The slowdown was mainly driven by weaker price growth in transport (3.6% in July vs 5.11% in June), clothing (4.12% vs 4.68%), education (6.15% vs 6.21%), and communication (1.89% vs 2.16%). In contrast, inflation quickened for food and beverages (7.44% vs 6.66%), housing (5.44% vs 5.3%), healthcare (5.4% vs 5.16%), and personal expenses (6.07% vs 5.81%). On a monthly basis, consumer prices rose 0.26% in July, slightly up from 0.24% in June, led by a 3.04% jump in household electricity while prices for clothing declined 0.54%. The central bank of Brazil kept interest rates at 15% in July to curb cost-of-living pressures, signaling the need to remain vigilant against above-target inflation and the lingering effects of US President Donald Trump’s trade war. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Inflation Rate in Brazil decreased to 5.23 percent in July from 5.35 percent in June of 2025. Inflation Rate in Brazil averaged 298.19 percent from 1980 until 2025, 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 2025.

Inflation Rate in Brazil decreased to 5.23 percent in July from 5.35 percent in June of 2025. Inflation Rate in Brazil is expected to be 5.10 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 4.60 percent in 2026 and 4.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-10 12:00 PM
Inflation Rate YoY
Jun 5.35% 5.32% 5.32% 5.2%
2025-08-12 12:00 PM
Inflation Rate YoY
Jul 5.23% 5.35% 5.33% 5.4%
2025-09-10 12:00 PM
Inflation Rate YoY
Aug 5.23% 5.0%


Related Last Previous Unit Reference
Consumer Price Index CPI 7331.98 7312.97 points Jul 2025
CPI Housing Utilities 13991.97 13872.67 points Jul 2025
CPI Transportation 6774.52 6761.67 points Jul 2025
Food Inflation 7.44 6.66 percent Jul 2025
Inflation Rate YoY 5.23 5.35 percent Jul 2025
Inflation Rate MoM 0.26 0.24 percent Jul 2025
IPCA mid-month CPI MoM -0.14 0.33 percent Aug 2025
IPCA mid-month CPI YoY 4.95 5.30 percent Aug 2025

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
5.23 5.35 6821.31 1.65 1980 - 2025 percent Monthly

News Stream
Brazil Inflation Slows in July
Brazil’s annual inflation rate slowed to 5.23% in July 2025, the lowest in five months, from 5.35% in June and below market expectations of 5.33%. The slowdown was mainly driven by weaker price growth in transport (3.6% in July vs 5.11% in June), clothing (4.12% vs 4.68%), education (6.15% vs 6.21%), and communication (1.89% vs 2.16%). In contrast, inflation quickened for food and beverages (7.44% vs 6.66%), housing (5.44% vs 5.3%), healthcare (5.4% vs 5.16%), and personal expenses (6.07% vs 5.81%). On a monthly basis, consumer prices rose 0.26% in July, slightly up from 0.24% in June, led by a 3.04% jump in household electricity while prices for clothing declined 0.54%. The central bank of Brazil kept interest rates at 15% in July to curb cost-of-living pressures, signaling the need to remain vigilant against above-target inflation and the lingering effects of US President Donald Trump’s trade war.
2025-08-12
Brazil Inflation Rate Edges Higher in June
Brazil’s annual inflation rate edged up to 5.35% in June 2025 from 5.32% in May, marking the ninth consecutive month above the central bank’s 4.5% target ceiling. Inflation accelerated in several categories, including transport (5.11% vs 4.64%), housing (5.30% vs 4.53%), communication (2.16% vs 1.96%) and clothing (4.68% vs 3.92%). In contrast, price growth slowed for food (6.66% vs 7.33%), healthcare (5.16% vs 5.66%), personal expenses (5.81% vs 5.87%), education (6.21% vs 6.27%), and household items (2.66% vs 2.77%). On a monthly basis, consumer prices rose 0.24% in June, slightly down from 0.26% in May. With the implementation of the Red Flag Level 1 tariff in June—adding BRL 4.46 to electricity bills for every 100 kWh consumed—residential electricity prices rose 2.96%, making the largest upward contribution while prices for food fell 0.18%.
2025-07-10
Brazil Inflation Rate Slows in May
Brazil’s annual inflation rate eased to 5.32% in May 2025 from 5.53% in April, marking a three-month low. However, it remained above the Central Bank’s upper target of 4.5% for the seventh consecutive month. Price growth eased for food and non-alcoholic beverages (7.33% vs 7.81%), driven by sharp deflation in tubers, roots, and vegetables (-26.08%) and cereals, legumes, and oilseeds (-12.43%). Inflation also slowed for clothing (3.92% vs 4.01%) and transportation (4.64% vs 5.49%). However, prices accelerated for housing and utilities (4.53% vs 4%) and household goods and repairs (2.77% vs 2.49%). On a monthly basis, consumer prices rose 0.26%, down from April’s 0.43% increase.
2025-06-10