FX.co ★ Brazil’s Mid-Month CPI Accelerates to 4.64% YoY in May, Up from 4.37% in April

Brazil’s mid-month consumer inflation picked up pace in May 2026, with the year-over-year CPI reading rising to 4.64%, compared to 4.37% in April 2026. The data, updated on 27 May 2026, indicates a slight acceleration in price pressures midway through the second quarter.

The mid-month CPI figures are calculated on a year-over-year basis, comparing price changes in each reported month to the same month a year earlier. The current May reading of 4.64% thus reflects inflation over the 12 months to mid-May 2026, while the previous figure of 4.37% captured changes over the 12 months to mid-April 2026.

The uptick suggests that inflationary pressures in Brazil remain present and are edging higher, with the May print marking a modest but notable increase in the annual rate compared to the prior month’s mid-month reading.