FX.co ★ Brazil’s Annual Inflation Cools to 3.81% in February, Easing from 4.44%

Brazil’s consumer price inflation slowed in February 2026, with the year-over-year Consumer Price Index (CPI) easing to 3.81%, down from 4.44% in January 2026.

The data, updated on 12 March 2026, show that the pace of price increases moderated when comparing February 2026 to the same month a year earlier. In January, the annual comparison had indicated a stronger rise in prices, with the CPI standing at 4.44% year-over-year.

The February reading suggests a cooling inflation trend on a year-over-year basis, which may influence expectations around monetary policy and real income dynamics in Brazil as the year progresses. The comparison framework reflects how prices in each reported month—January and February—have changed relative to their respective levels a year before.