Inflation rate (consumer prices) · Brazil

Brazil IPCA mid-month CPI YoY

The Brazil IPCA mid-month CPI YoY measures how much the prices that households in Brazil pay for a typical basket of goods and services have risen over the past year.

חשיבות
Low
פורסם
Monthly
הפרסום הבא
מטבע
BRL · Brazilian real
בנק מרכזי
The Banco Central do Brasil

הנתונים האחרונים

הפרסום האחרון, עבור OCT, יצא ב-2026-10-23 ועמד על 4.62%. זה מתחת לקונצנזוס של 4.73%. זו עלייה מ-4.47% בפעם הקודמת.

A lower figure than expected gives the Banco Central do Brasil room to cut or hold rates lower: the Brazilian real tends to soften and bond yields to fall.

ב-12 הפרסומים האחרונים הערך נע בין 3.90% ל-4.94%, בממוצע 4.46%. הנתון עולה שלושה פרסומים ברציפות.

Oct 2025: 4.94%Nov 2025: 4.5%Dec 2025: 4.41%Jan 2026: 4.5%Feb 2026: 4.1%Mar 2026: 3.9%Apr 2026: 4.37%May 2026: 4.64%Jun 2026: 4.8%Aug 2026: 4.24%Sep 2026: 4.47%Oct 2026: 4.62% Oct 2025Oct 2026
תוצאות בפועל; הקו הקצר על עמודה מסמן את הקונצנזוס.
פורסםעבורבפועלקונצנזוסקודם
23 Oct 2026OCT4.62%4.73%4.47%
25 Sep 2026SEP4.47%4.30%4.24%
26 Aug 2026AUG4.24%4.34%4.52%
25 Jun 2026JUN4.8%4.82%4.64%
27 May 2026MAY4.64%4.55%4.37%
28 Apr 2026APR4.37%4.49%3.9%
26 Mar 2026MAR3.9%3.74%4.1%
27 Feb 2026FEB4.1%3.8%4.5%
27 Jan 2026JAN4.5%4.51%4.41%
23 Dec 2025DEC4.41%4.4%4.5%
26 Nov 2025NOV4.5%4.49%4.94%
24 Oct 2025OCT4.94%5.02%5.32%

לצפייה ביומן הכלכלי ←

למה זה חשוב

Inflation is what the Banco Central do Brasil is charged with controlling, so this is one of the most market-moving releases of the month. A figure above expectations makes rate hikes (or a longer wait for cuts) more likely, which usually lifts the Brazilian real and bond yields; a soft figure does the reverse. It also drives wages, pensions and benefits that are linked to prices.

איך זה מחושב

IBGE collects many thousands of prices every month (food, rent, energy, transport, clothing, services) and weights them by how much households spend on each, from household surveys. The index compares the cost of the basket with a base year; the inflation rate is the change from the same month a year earlier.

CPI = Σ (price now ÷ base price) × weight × 100
Inflation (yoy) = CPI ÷ CPI 12 months ago − 1

מה המשמעות של שינויים

  • Above the central bank's target (usually 2%) and rising: pressure for higher rates.
  • Look at the core rate and services prices to see if the move is broad or driven by energy and food.
  • Base effects: a big jump a year ago drops out of the yearly rate and can make it fall even if prices keep rising.
  • Markets react to the difference from the consensus, often to a single decimal.

גבוה מהצפוי: A higher figure than expected makes the Banco Central do Brasil more likely to keep rates high or raise them: it tends to support the Brazilian real and push bond yields up, and is often a weight on stocks.

נמוך מהצפוי: A lower figure than expected gives the Banco Central do Brasil room to cut or hold rates lower: the Brazilian real tends to soften and bond yields to fall.

היסטוריה קצרה

The United States began publishing a national consumer price index in 1919, the United Kingdom's index goes back to 1914. Inflation targeting, started by New Zealand in 1990, made this release the centre of monetary policy almost everywhere.

שאלות

What is the Brazil IPCA mid-month CPI YoY?

The Brazil IPCA mid-month CPI YoY measures how much the prices that households in Brazil pay for a typical basket of goods and services have risen over the past year.

What was the latest Brazil IPCA mid-month CPI YoY?

4.62% for OCT, published on 23 October 2026 (consensus 4.73%, previous 4.47%).

When is the next Brazil IPCA mid-month CPI YoY?

On Thursday 26 November 2026 at 12:00 UTC.

What is a good inflation rate?

Most central banks, including the Banco Central do Brasil in many cases, aim for about 2% a year: low enough not to erode savings, high enough to avoid deflation.

Why does the Brazil IPCA mid-month CPI YoY move the Brazilian real?

Because it changes what traders expect the Banco Central do Brasil to do with the Selic rate, and interest rates decide what holding the currency pays.

תוכן לימודי בלבד, לא ייעוץ השקעות. הנתונים הם התוצאות שפורסמו כפי שנרשמו ביומן שלנו; תגובות השוק המתוארות אופייניות, לא מובטחות.