FX.co ★ Brazil’s January Inflation Edges Higher to 4.44% Year-on-Year

Brazil’s consumer price inflation accelerated modestly at the start of 2026, with the January CPI registering 4.44% year-on-year, up from 4.26% in December 2025.

The data, updated on 10 February 2026, show that price pressures have increased slightly when comparing January 2026 to January 2025, following a similar year-over-year comparison in December. The previous reading, released for December 2025, reflected a 4.26% rise versus December 2024, while the latest figure indicates a further uptick in the annual rate.

The movement from 4.26% to 4.44% suggests inflation remains persistent rather than easing, keeping attention on the trajectory of prices in the coming months and on how policymakers may respond if the upward trend continues.