FX.co ★ Brazil’s Mid-Month CPI Eases to 4.52% YoY in July, Slipping From 4.80% in June

Brazil’s mid-month consumer inflation cooled in July 2026, with the year-over-year CPI reading easing to 4.52%, down from 4.80% recorded in June 2026. The data, updated on 28 July 2026, signal a modest deceleration in price pressures in Latin America’s largest economy.

Both the current and previous figures are measured on a year-over-year basis, comparing July and June 2026 respectively to the same months a year earlier. The latest reading suggests that inflationary momentum may be gradually easing, offering some relief to policymakers and markets closely monitoring the trajectory of consumer prices.

While the slowdown is incremental, the shift from 4.80% to 4.52% in the mid-month CPI underscores a tentative softening in annual inflation heading into the second half of 2026, and will likely factor into expectations around Brazil’s future monetary policy path.