FX.co ★ Brazil’s Inflation Momentum Cools Further as July CPI Slows to 0.07%

Brazil’s consumer price inflation eased in July 2026, with the monthly CPI rising just 0.07%, down from a 0.16% increase in June, according to data updated on 11 August 2026. The figures, measured on a month-over-month basis, point to a continued moderation in price pressures across the economy.

The latest reading shows that inflationary momentum is losing steam compared with previous months. In June 2026, prices climbed 0.16% versus the month before, while July’s 0.07% gain marks a softer advance from June. This deceleration in the month-over-month CPI suggests a more benign short-term inflation backdrop, which could influence expectations around monetary policy and household purchasing power.

The comparison framework highlights how the “actual” July figure reflects the change from June to July, whereas the “previous” indicator captured the change from May to June. With both months posting relatively low increases and July showing an additional slowdown, Brazil’s inflation path appears to be on a more moderate trajectory over the middle of 2026.