Consumer prices in Brazil rose 0.44% month-over-month in the first half of March 2026, above the 0.29% forecast but easing from February's 0.84%. All nine product and service groups posted gains. Food and beverages led at 0.88%, followed by personal expenses at 0.82%. Housing rose 0.24% and transportation 0.21%, while other groups ranged from 0.03% (communications) to 0.47% (clothing). Meanwhile, fuel prices fell 0.03% overall, driven by declines in vehicle gas (-2.27%), ethanol (-0.61%), and gasoline (-0.08%), whereas diesel increased by 3.77%. The government of Brazil has cut taxes and introduced subsidies for diesel, and Petrobras currently has wholesale diesel prices below international parity. By region, Recife (0.82%) and Belém (0.68%) posted the highest rates. São Paulo saw 0.52% inflation and Rio de Janeiro 0.46%. Year-over-year, prices rose 3.90%, down from 4.10% in the prior 12-month period and below the central bank's 4.5% upper threshold, the lowest since May 2024. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

Mid-month Inflation Rate MoM in Brazil decreased to 0.44 percent in March from 0.84 percent in February of 2026. Mid-month Inflation Rate MoM in Brazil averaged 0.50 percent from 2000 until 2026, reaching an all time high of 3.05 percent in December of 2002 and a record low of -0.73 percent in August of 2022. This page includes a chart with historical data for Brazil Mid-month Inflation Rate MoM. Brazil Mid-month Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.

Mid-month Inflation Rate MoM in Brazil decreased to 0.44 percent in March from 0.84 percent in February of 2026. Mid-month Inflation Rate MoM in Brazil is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Mid-month Inflation Rate MoM is projected to trend around 0.30 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-27 12:00 PM
IPCA mid-month CPI MoM
Feb 0.84% 0.2% 0.6% 0.5%
2026-03-26 12:00 PM
IPCA mid-month CPI MoM
Mar 0.44% 0.84% 0.29% 0.4%
2026-04-24 12:00 PM
IPCA mid-month CPI MoM
Apr 0.44%


Related Last Previous Unit Reference
Consumer Price Index CPI 7479.71 7427.72 points Feb 2026
CPI Housing Utilities 12572.86 12535.25 points Feb 2026
CPI Transportation 7086.55 7034.49 points Feb 2026
Food Inflation 1.76 2.20 percent Feb 2026
Inflation Rate YoY 3.81 4.44 percent Feb 2026
Inflation Rate MoM 0.70 0.33 percent Feb 2026
IPCA mid-month CPI MoM 0.44 0.84 percent Mar 2026
IPCA mid-month CPI YoY 3.90 4.10 percent Mar 2026


Brazil Mid-month Inflation Rate MoM
Actual Previous Highest Lowest Dates Unit Frequency
0.44 0.84 3.05 -0.73 2000 - 2026 percent Monthly
NSA

News Stream
Brazil's Mid-Month Inflation Eases in March
Consumer prices in Brazil rose 0.44% month-over-month in the first half of March 2026, above the 0.29% forecast but easing from February's 0.84%. All nine product and service groups posted gains. Food and beverages led at 0.88%, followed by personal expenses at 0.82%. Housing rose 0.24% and transportation 0.21%, while other groups ranged from 0.03% (communications) to 0.47% (clothing). Meanwhile, fuel prices fell 0.03% overall, driven by declines in vehicle gas (-2.27%), ethanol (-0.61%), and gasoline (-0.08%), whereas diesel increased by 3.77%. The government of Brazil has cut taxes and introduced subsidies for diesel, and Petrobras currently has wholesale diesel prices below international parity. By region, Recife (0.82%) and Belém (0.68%) posted the highest rates. São Paulo saw 0.52% inflation and Rio de Janeiro 0.46%. Year-over-year, prices rose 3.90%, down from 4.10% in the prior 12-month period and below the central bank's 4.5% upper threshold, the lowest since May 2024.
2026-03-26
Brazil Mid-Month Inflation Rises to 1-Year High
Consumer price in Brazil rose by 0.84% in the first half of February from the corresponding period of the previous month, well above the market expectations of 0.6% to pick up from the 0.20% increase in the earlier period, marking the sharpest increase in one year. Prices soared for transportation (1.72% vs -0.13% in mid-January) amid a 5.39% surge in public transportation fares and a 1.38% increase in fuel prices. Prices also accelerated sharply in education (5.20% vs 0.05% in mid-January). In the meantime, consumer price increase displayed more habitual patterns for food and beverages (0.20% vs 0.31%) and housing and utilities (0.06% vs -0.26%). From the previous year, consumer prices rose by 4.1%, remaining below the Brazilian central bank's upper threshold of 4.5% to mark the lowest since June 2024.
2026-02-27
Brazil Mid-Month Inflation Eases in January
Brazil’s mid-month consumer prices rose by 0.20% in the first half of January 2026, almost in line with analysts' estimates of a 0.21%, slightly below December’s 0.25% increase. Health and personal care (+0.81%) had the largest impact and variation among the seven categories that recorded price growth. Other significant contributors included communication (+0.73%) and household items (+0.43%). Food and beverages, the heaviest-weighted group in the index, accelerated from 0.13% in December to 0.31% in January. Conversely, prices decreased for housing (-0.26%) and transportation (-0.13%). On a year-on-year basis, mid-month inflation accelerated to 4.50% from 4.41% previously, compared to forecasts of 4.51%.
2026-01-27