Brazil’s mid-month consumer inflation swung into negative territory in August 2026, with the mid-month CPI registering -0.40% month-over-month, according to data updated on 26 August 2026. This marks a sharp reversal from July 2026, when the indicator had posted a modest 0.06% month-on-month increase.
The month-over-month comparison underscores the abrupt shift in price dynamics: the “actual” August reading of -0.40% reflects a decline in prices versus July, while the “previous” July reading of 0.06% had indicated only a slight uptick over June. The move into negative territory suggests emerging deflationary pressure within the Brazilian economy as the second half of 2026 gets underway.
