{"id":2850711,"version":0,"headline":"Brazil’s inflation slows to 4.64pc in June","dateModified":"2026-07-10T19:18:07Z","datePublished":"2026-07-10T15:50:23Z","articleBody":"

Brazil's inflation slowed to an annual 4.64pc in June, with lower motor fuel prices helping offset higher electricity bills.

The consumer price index IPCA decelerated from 4.72pc in May, national statistics agency IBGE said on Friday, after accelerating from 4.39pc in April.

Housing costs, appointed as the largest contributors to the monthly gain in the index in June, decelerated to 5.85pc from 6.22pc a month earlier, mostly thanks to electricity bills and tax readjustments for power supply in some southern states.

Food and beverage costs, which weigh heavily on the index, contributed the most with the monthly decrease in the IPCA, decelerating to an annual 3.82pc in June from 3.87pc in May. Lower prices for coffee, fruits and meat drove the result, IBGE said.

Transport costs slowed to 3.95pc in the month from 4.05pc in May. Lower prices for ethanol, diesel, gasoline and compressed natural gas (CNG) weighed on motor fuel costs, despite an increase in airfares.

The annual gain for June was down from 5.35pc in June 2025.

Inflation expectations, as calculated by the central bank's Focus survey, remain above target at 5.3pc for 2026 and recently ticked up to 4.18pc for 2027.

Brazil's central bank lowered its target rate to 14.25pc in June.

By João Curi

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Brazil's inflation slowed to an annual 4.64pc in June, with lower motor fuel prices helping offset higher electricity bills.

The consumer price index IPCA decelerated from 4.72pc in May, national statistics agency IBGE said on Friday, after accelerating from 4.39pc in April.

Housing costs, appointed as the largest contributors to the monthly gain in the index in June, decelerated to 5.85pc from 6.22pc a month earlier, mostly thanks to electricity bills and tax readjustments for power supply in some southern states.

Food and beverage costs, which weigh heavily on the index, contributed the most with the monthly decrease in the IPCA, decelerating to an annual 3.82pc in June from 3.87pc in May. Lower prices for coffee, fruits and meat drove the result, IBGE said.

Transport costs slowed to 3.95pc in the month from 4.05pc in May. Lower prices for ethanol, diesel, gasoline and compressed natural gas (CNG) weighed on motor fuel costs, despite an increase in airfares.

The annual gain for June was down from 5.35pc in June 2025.

Inflation expectations, as calculated by the central bank's Focus survey, remain above target at 5.3pc for 2026 and recently ticked up to 4.18pc for 2027.

Brazil's central bank lowered its target rate to 14.25pc in June.

By João Curi

","lead":"Brazil's inflation slowed to an annual 4.64pc in June, with lower motor fuel prices helping offset higher electricity bills.","cmsId":"24783840","source":"Censhare"}