Average inflation in Brazil

IBGE · Mensual · Importance 75

IMF forecast (WEO): 2026: 4.0% 2027: 3.4% 2028: 3.0% 2029: 3.0% 2030: 3.0% 2031: 3.0%

0.07% (Jul-26) MOM · % · Mensual · CSV

Period	%
Jul 2026	0.07%
Jun 2026	0.16%
May 2026	0.58%
Apr 2026	0.67%
Mar 2026	0.88%
Feb 2026	0.70%
Jan 2026	0.33%
Dec 2025	0.33%
Nov 2025	0.18%
Oct 2025	0.09%
Sep 2025	0.48%
Aug 2025	-0.11%
Jul 2025	0.26%
Jun 2025	0.24%
May 2025	0.26%
Apr 2025	0.43%
Mar 2025	0.56%
Feb 2025	1.31%
Jan 2025	0.16%
Dec 2024	0.52%
Nov 2024	0.39%
Oct 2024	0.56%
Sep 2024	0.44%
Aug 2024	-0.02%
Jul 2024	0.38%
Jun 2024	0.21%
May 2024	0.46%
Apr 2024	0.38%
Mar 2024	0.16%
Feb 2024	0.83%
Jan 2024	0.42%
Dec 2023	0.56%
Nov 2023	0.28%
Oct 2023	0.24%
Sep 2023	0.26%
Aug 2023	0.23%
Jul 2023	0.12%
Jun 2023	-0.08%
May 2023	0.23%
Apr 2023	0.61%
Mar 2023	0.71%
Feb 2023	0.84%
Jan 2023	0.53%
Dec 2022	0.62%
Nov 2022	0.41%
Oct 2022	0.59%
Sep 2022	-0.29%
Aug 2022	-0.36%
Jul 2022	-0.68%
Jun 2022	0.67%
May 2022	0.47%
Apr 2022	1.06%
Mar 2022	1.62%
Feb 2022	1.01%
Jan 2022	0.54%
Dec 2021	0.73%
Nov 2021	0.95%
Oct 2021	1.25%
Sep 2021	1.16%
Aug 2021	0.87%

Period	%
Jul 2026	4.44%
Jun 2026	4.64%
May 2026	4.72%
Apr 2026	4.39%
Mar 2026	4.14%
Feb 2026	3.81%
Jan 2026	4.44%
Dec 2025	4.26%
Nov 2025	4.46%
Oct 2025	4.68%
Sep 2025	5.17%
Aug 2025	5.13%
Jul 2025	5.23%
Jun 2025	5.35%
May 2025	5.32%
Apr 2025	5.53%
Mar 2025	5.48%
Feb 2025	5.06%
Jan 2025	4.56%
Dec 2024	4.83%
Nov 2024	4.87%
Oct 2024	4.76%
Sep 2024	4.42%
Aug 2024	4.24%
Jul 2024	4.50%
Jun 2024	4.23%
May 2024	3.93%
Apr 2024	3.69%
Mar 2024	3.93%
Feb 2024	4.50%
Jan 2024	4.51%
Dec 2023	4.62%
Nov 2023	4.68%
Oct 2023	4.82%
Sep 2023	5.19%
Aug 2023	4.61%
Jul 2023	3.99%
Jun 2023	3.16%
May 2023	3.94%
Apr 2023	4.18%
Mar 2023	4.65%
Feb 2023	5.60%
Jan 2023	5.77%
Dec 2022	5.79%
Nov 2022	5.90%
Oct 2022	6.47%
Sep 2022	7.17%
Aug 2022	8.73%
Jul 2022	10.07%
Jun 2022	11.89%
May 2022	11.73%
Apr 2022	12.13%
Mar 2022	11.30%
Feb 2022	10.54%
Jan 2022	10.38%
Dec 2021	10.06%
Nov 2021	10.74%
Oct 2021	10.67%
Sep 2021	10.25%
Aug 2021	9.68%

About this indicator

Source	IBGE
Frequency	Mensual
Release	En torno a mediados del mes siguiente al periodo de referencia (suele haber un dato preliminar y otro definitivo).
What it is	Measures the average change in the prices of the basket of goods and services consumed by resident households in Brazil, taken as the period average. It is the central gauge of consumer inflation, based on the IPCA compiled by IBGE.
How it's calculated	It is built from a regular price survey across a wide sample of outlets and cities. Those prices, weighted by each item's share of the consumption basket, form an index with a base year (index 100); average inflation is the mean of the index's year-on-year change over the year.
Market implications	Price developments directly affect Brazilian households' consumption, saving and purchasing power, and provide the central reference for the Central Bank of Brazil, which sets the Selic rate under an explicit inflation target. A hotter-than-expected print tends to favour higher rates and the real.
Limitations	It captures only the price change of the items in the basket, not of every good and service in the economy. To read the underlying trend, energy and unprocessed food are usually stripped out, which is known as core inflation.