Inflation Rate in Brazil decreased to 5.23 percent in July from 5.35 percent in June of 2025. This dataset provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the annual end-of-period inflation rate of Brazil was approximately 4.83 percent. Between 1981 and 2024, the figure dropped by around 90.83 percentage points, though the decline followed an uneven course rather than a steady trajectory. The rate is forecast to decline by about 1.87 percentage points from 2024 to 2030, fluctuating as it trends downward.The International Monetary Fund describes this indicator as a measure of inflation based upon the year-on-year percent change in the end-of-period consumer price index (CPI). The said index measure is based upon the cost of a typical basket of goods and services at the end of a given time period.

In 2020, the inflation rate in Brazil amounted to about 3.21 percent compared to the previous year, a slight increase from the previous year’s 3.73 percent, but a large improvement compared to 2015 with more than 9 percent.

Superlative Brazil

Brazil is not only one of the largest countries in the world, it is also one of the largest economies and a member of the so-called BRIC states, four up-and-coming emerging economies. Unfortunately, Brazil also struggles due to an on-going recession; In 2017, the majority of Brazilians described the state of the country’s economy as “bad”.

The state of Brazil’s economy

Brazil’s mixed economy suffered a severe political and economic crisis in 2014 that only ended in 2016. The country’s GDP slumped dramatically and inflation skyrocketed. As of today, Brazil has recovered, GDP is on the rise again, and inflation is below four percent – however, as a result of the recession that saw millions of job cuts, unemployment is at an all-time high.

Core consumer prices in Brazil increased 5.17 percent in May of 2025 over the same month in the previous year. This dataset provides - Brazil Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In January 2025, the inflation rate in Brazil amounted to *** percent compared to the same month of the previous year. The inflation rate peaked in April 2022 and has declined until June of that year, before rising again. The Consumer Price Index shows the price development for household expenses and, when it increases, it shows that there is inflation. Inflation can be defined as a permanent and generalized increase of the price levels in an economy (prices for consumer and intermediate goods).

The Consumer Price Index in Brazil increased 0.26 percent in July of 2025 over the previous month. This dataset provides - Brazil Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Brazil's inflation rate and central bank interest rate have experienced significant fluctuations from 2018 to 2025, reflecting broader global economic trends. The country's inflation peaked at ***** percent in April 2020, followed by a gradual decline and subsequent rise, while the central bank adjusted its Selic rate in response to these economic dynamics. This pattern of volatility and monetary policy adjustments mirrors similar experiences in other major economies during the same period. Global context of inflation and interest rates Brazil's economic indicators align with the global trend of rising inflation and subsequent central bank responses observed in many countries. Like Brazil, other major economies such as the United States, United Kingdom, and European Union implemented aggressive rate hikes throughout 2022-2023 to combat inflationary pressures. However, a coordinated shift began in mid-2024, with many central banks initiating rate cuts. This global trend is reflected in Brazil's monetary policy decisions, as the country began reducing its Selic rate in August 2023 after maintaining it at ***** percent for several months. From the middle of 2024, however, the Brazilian central bank implemented several interest rate hikes, setting the rate at ** percent in June 2025. Comparison with other economies While Brazil's inflation rate reached **** percent in June 2025, other major economies exhibited varying levels of inflationary pressure. For instance, China reported an inflation rate of *** percent, while Russia maintained a high inflation rate of *** percent during the same period. The United Kingdom, which experienced similar volatility in its inflation rate, saw it peak at *** percent in October 2022 before moderating to *** percent by the end of 2024. These comparisons highlight the diverse economic conditions and policy responses across different countries, with Brazil's experience falling somewhere in the middle of this spectrum.

Brazil National Consumer Price Index (CPI): IPCA: Core: Smoothed Trimmed Means data was reported at 0.470 % in Mar 2025. This records an increase from the previous number of 0.430 % for Feb 2025. Brazil National Consumer Price Index (CPI): IPCA: Core: Smoothed Trimmed Means data is updated monthly, averaging 0.450 % from Jan 1996 (Median) to Mar 2025, with 351 observations. The data reached an all-time high of 1.510 % in Jan 1996 and a record low of -0.070 % in Aug 1998. Brazil National Consumer Price Index (CPI): IPCA: Core: Smoothed Trimmed Means data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.IB056: Consumer Price Index: Core Inflation Rate. Notes: The variation of the items fuel, electricity, public transportation, personal expenses, tobacco, courses and communication rates are distributed in 12 month-terms. After the smoothening process the 20% greatest and 20% smallest variations are excluded.

Historical dataset showing Brazil inflation rate by year from 1981 to 2024.

Inflation, consumer prices (annual %) in Brazil was reported at 4.3675 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Brazil - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

National Consumer Price Index: YoY: Core: Exclusion (ex 2) data was reported at 3.802 % in Mar 2019. This records an increase from the previous number of 3.626 % for Feb 2019. National Consumer Price Index: YoY: Core: Exclusion (ex 2) data is updated monthly, averaging 5.871 % from Jun 1995 (Median) to Mar 2019, with 286 observations. The data reached an all-time high of 37.420 % in Jun 1995 and a record low of 1.346 % in Oct 1998. National Consumer Price Index: YoY: Core: Exclusion (ex 2) data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.IA001: Core Inflation Rate: Central Bank of Brazil.

Central Bank of Brazil: Inflation Target: Upper Limit data was reported at 4.500 % in 2025. This stayed constant from the previous number of 4.500 % for 2024. Central Bank of Brazil: Inflation Target: Upper Limit data is updated yearly, averaging 6.500 % from Dec 1999 (Median) to 2025, with 27 observations. The data reached an all-time high of 10.000 % in 1999 and a record low of 4.500 % in 2025. Central Bank of Brazil: Inflation Target: Upper Limit data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.IB001: Consumer Price Index: Inflation Targeting. Resolution 5,141 revoked CMN Resolutions No. 5,018 and No. 5,091, which set the inflation targets for 2025 and 2026, respectively. Starting January 2025, the target refers to the twelve-month inflation, assessed monthly, as established by Decree No. 12,079, of June 26, 2024.

Brazil: Inflation forecast: The latest value from 2030 is 2.96 percent, unchanged from 2.96 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Brazil from 1981 to 2030 is 220.97 percent. The minimum value, 1.66 percent, was reached in 1998 while the maximum of 2477.15 percent was recorded in 1993.

Mid-month Inflation Rate YoY in Brazil decreased to 4.95 percent in August from 5.30 percent in July of 2025. This dataset includes a chart with historical data for Brazil Mid-month Inflation Rate YoY.

Inflation rate of Brazil decreased by 4.92% from 4.6 % in 2023 to 4.4 % in 2024. Since the 11.79% surge in 2022, inflation rate sank by 52.94% in 2024. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Central Bank of Brazil: Inflation Target data was reported at 3.000 % in 2025. This stayed constant from the previous number of 3.000 % for 2024. Central Bank of Brazil: Inflation Target data is updated yearly, averaging 4.500 % from Dec 1999 (Median) to 2025, with 27 observations. The data reached an all-time high of 8.000 % in 1999 and a record low of 3.000 % in 2025. Central Bank of Brazil: Inflation Target data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.IB001: Consumer Price Index: Inflation Targeting. Resolution 5,141 revoked CMN Resolutions No. 5,018 and No. 5,091, which set the inflation targets for 2025 and 2026, respectively. Starting January 2025, the target refers to the twelve-month inflation, assessed monthly, as established by Decree No. 12,079, of June 26, 2024.

Brazil Inflation Nowcast: Contribution:(CPI) Consumer Price IndexBreakdowns: Weekly Consumer Price Index (CPI): IPC-BR-20-S data was reported at 0.251 % in 12 May 2025. This records a decrease from the previous number of 0.565 % for 05 May 2025. Brazil Inflation Nowcast: Contribution:(CPI) Consumer Price IndexBreakdowns: Weekly Consumer Price Index (CPI): IPC-BR-20-S data is updated weekly, averaging 0.538 % from Jun 2016 (Median) to 12 May 2025, with 465 observations. The data reached an all-time high of 15.985 % in 10 Oct 2016 and a record low of 0.002 % in 29 Nov 2021. Brazil Inflation Nowcast: Contribution:(CPI) Consumer Price IndexBreakdowns: Weekly Consumer Price Index (CPI): IPC-BR-20-S data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Brazil – Table BR.CEIC.NC: CEIC Nowcast: Inflation: Headline.

Inflation, monthly percent change in the CPI in Brazil, July, 2025 The most recent value is 0.26 percent as of July 2025, an increase compared to the previous value of 0.24 percent. Historically, the average for Brazil from December 1988 to July 2025 is 4.65 percent. The minimum of -0.68 percent was recorded in July 2022, while the maximum of 82.18 percent was reached in March 1990. | TheGlobalEconomy.com

Brazil National Consumer Price Index (CPI): IPCA: Core: NonSmoothed Trimmed Means data was reported at 0.420 % in Mar 2025. This records a decrease from the previous number of 0.550 % for Feb 2025. Brazil National Consumer Price Index (CPI): IPCA: Core: NonSmoothed Trimmed Means data is updated monthly, averaging 0.410 % from Jan 1995 (Median) to Mar 2025, with 363 observations. The data reached an all-time high of 2.700 % in Jun 1995 and a record low of -0.350 % in Aug 1998. Brazil National Consumer Price Index (CPI): IPCA: Core: NonSmoothed Trimmed Means data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.IB056: Consumer Price Index: Core Inflation Rate. Notes: The variation of the items fuel, electricity, public transportation, personal expenses, tobacco, courses and communication rates are distributed in 12 month-terms. After the smoothening process the 20% greatest and 20% smallest variations are excluded.

The annual average consumer price index in Brazil was approximately 45.81 trillion points in 2024. Following a continuous upward trend, the index has risen by around 45.81 trillion points since 1980. Between 2024 and 2030, the index will rise by around 10.98 trillion points, continuing its consistent upward trajectory.As defined by the International Monetary Fund, this indicator measures inflation on the basis of the average consumer price index. This index measure expresses a country's average level of prices based on a typical basket of consumer goods and services during a certain year. Typically a reference year exists for which a value of 100 had been assigned.