In November 2025, Brazil experienced a 0.37% decrease in producer prices compared to the previous month, following a 0.47% drop in October. This marks the tenth consecutive month of declining producer prices. The continuing reduction was primarily due to deflation in intermediate goods, which fell by 0.75% compared to a 0.64% contraction in October. Meanwhile, prices remained relatively stable for capital goods, showing a slight change of -0.01% from 0.23%, and for non-durable consumer goods, which recorded a slight increase of 0.04%, recovering from a decline of 0.43%. Conversely, prices for durable consumer goods saw a modest rise of 0.30%, up from no change in the previous month. Year-over-year, producer prices in Brazil decreased by 3.38%, marking the steepest decline since March 2024.