Brazil’s consumer price dynamics reversed sharply in September 2026, with the country’s Consumer Price Index (CPI) rising 0.82% month-over-month, compared with a 0.32% decline in August. The latest figure, updated on 9 October 2026, highlights a strong rebound in price pressures after a brief period of deflation.
In August 2026, the CPI had registered a -0.32% month-over-month change, signaling falling prices compared with July. That trend did not persist: in September, prices not only stabilized but climbed noticeably, with the 0.82% month-over-month reading indicating renewed inflationary momentum in the Brazilian economy.
The comparison is based on month-over-month changes: the “actual” figure reflects the shift in prices from August to September 2026, while the “previous” value captures the change from July to August 2026. The move from negative to clearly positive territory will likely draw close attention from investors and policymakers watching Brazil’s inflation trajectory into the final quarter of the year.