Brazil’s consumer price inflation remained unchanged at the start of 2026, with the Consumer Price Index (CPI) rising 0.33% in January, exactly matching the 0.33% increase recorded in December 2025. The figures, updated on 10 February 2026, indicate a stable month‑over‑month inflation dynamic as the new year begins.
On a month‑over‑month basis, January’s reading confirms a continuation rather than an acceleration or deceleration in price growth. In December 2025, prices had also climbed 0.33% versus November, and January’s identical pace suggests that short‑term inflation pressures neither intensified nor eased between the two periods.
This steady profile in the CPI may be interpreted as a sign of near‑term price stability, with no fresh inflationary spike evident in the immediate month‑over‑month comparison. Market participants and policymakers are likely to assess whether this pattern persists in the coming months as they gauge the trajectory of Brazil’s inflation environment in 2026.
