FX.co ★ Brazil’s July Inflation Eases to 4.44% Year-on-Year, Slipping from June’s 4.64%

Brazil’s consumer price inflation slowed slightly in July 2026, with the year-on-year Consumer Price Index (CPI) reading easing to 4.44%, down from 4.64% in June 2026. The latest data, updated on 11 August 2026, indicate a modest deceleration in price pressures compared with the previous month.

Both June and July figures are measured on a year-over-year basis, comparing each month’s price changes to the same month a year earlier. While inflation remains elevated by historical standards, the step down from June to July suggests some cooling in consumer price growth. Investors and policymakers will be watching upcoming releases closely to assess whether this softening trend continues and what it may imply for Brazil’s monetary policy stance in the coming months.