FX.co ★ Brazil’s CPI Eases to 0.58% in May, Signaling Mild Cooling of Price Pressures

Brazil’s consumer price inflation moderated slightly in May 2026, with the month‑over‑month Consumer Price Index (CPI) coming in at 0.58%, down from 0.67% in April 2026. The latest figures, updated on 12 June 2026, point to a mild easing in price pressures compared with the previous month.

On a month‑over‑month basis, the “actual” May reading of 0.58% reflects the change in prices from April to May, while the “previous” 0.67% reading for April captured the change from March to April. The step down in the pace of increases suggests inflation is still present but advancing at a slightly slower rate than earlier in the second quarter. Investors and policymakers will be watching upcoming data closely to see whether May’s moderation marks the start of a more sustained trend in disinflation or a temporary pause in upward price momentum.