FX.co ★ Brazil’s IPCA Inflation Cools in July, Eases to 0.17% Month-on-Month

Brazil’s seasonally adjusted IPCA inflation index slowed in July 2026, with prices rising 0.17% compared with the previous month. The reading marks a deceleration from June 2026, when the index had increased by 0.23% month-on-month.

The July figure, updated on 11 August 2026, indicates a moderation in price pressures on a month-over-month basis. Under the comparison methodology, the current result reflects the change in prices from June to July, while the previous indicator captures the change from May to June. The easing pace of inflation could provide policymakers and market participants with tentative signs of cooling consumer price dynamics, though further data will be needed to assess how durable this trend may be.