Consumer inflation in the city of São Paulo, as measured by the IPC-Fipe index, decelerated sharply in June 2026, easing to 0.18% month-over-month from 0.45% in May 2026. The latest reading, updated on 2 July 2026, indicates a notable slowdown in price pressures compared with the previous month.
On a month-over-month basis, the “actual” June figure of 0.18% reflects the change from May to June, while the “previous” 0.45% measure corresponded to the change from April to May. The moderation suggests a cooling inflation dynamic at the start of the second half of the year, with potential implications for expectations around monetary policy and household purchasing power in Brazil’s largest metropolitan region.