Brazil’s IPCA inflation index slowed markedly in June 2026, signaling a moderation in price pressures across the economy. Month-over-month, the seasonally adjusted IPCA came in at 0.23% in June, down from 0.60% recorded in May 2026.
The data, updated on 10 July 2026, show a clear deceleration in the pace of consumer price increases. On a month-over-month basis, the latest figure indicates that prices are still rising, but at less than half the rate seen in the previous month. For policymakers and markets, the softer June print will likely feed into expectations around the future path of interest rates and the broader inflation outlook in Brazil.
