Brazil’s annual inflation rate rose to 4.39% in April 2026, up from 4.14% in March and coming in just below market expectations of 4.41%. Price pressures strengthened in several categories, including food and beverages (2.69% vs. 2.16% in March), housing (6.19% vs. 5.67%), household goods (0.20% vs. 0.10%), transport (4.15% vs. 3.69%), and education (6.41% vs. 6.40%).
In contrast, inflation eased slightly for clothing (4.38% vs. 4.90%), health and personal care (5.66% vs. 5.68%), personal expenses (5.71% vs. 5.91%), and communication services (1.59% vs. 1.70%). On a monthly basis, consumer prices increased 0.67% in April, down from a 0.88% rise in March.