Will Brazil’s Inflation Rate Exceed 5% by December 2026?

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Claims

Last Updated 20 hours ago

Ministry of Finance (Brazil)"Brazil's IPCA inflation is forecast to exceed 5.0% year-over-year in December 2026."Sep 19, 2026

BTG Pactual"We have revised the IPCA for 2026 to 4.9%, from 4.7%, and for 2027 to 4.2%, from 4.1%."May 07, 2026

Btgpactual

Pantheon Macroeconomics"We expect inflation to end 2026 at around 5.0%, before easing towards 4.0% during 2027."Sep 19, 2026

Investing

XP Investimentos"We project that the IPCA will end 2026 at 5.1% (previously 5.2%)."Sep 19, 2026

Conteudos

Banco Central do Brasil"Four-quarter inflation projections for 2026, 2027, and for 2028Q1 – currently the relevant horizon for monetary policy – are 5.1%, 3.8%, and 3.2%, respectively."May 08, 2026

BCB

Valor International"Now, forecasts indicate it will exceed 4.5% as early as May or June and remain there through year-end."Apr 14, 2026

Valorinternational

Genial Investimentos"Our 2026 expectation remains at 4.5%."Sep 19, 2026

Genialinvestimentos

ASA Investments"According to ASA's macroeconomics team, the IPCA projection for 2026 was revised from 5.5% to 5.0%."Jul 28, 2026

ASA

Banco Safra"Banco Safra projects accumulated inflation of 4.90% in 2026."Aug 12, 2026

O Especialista

Buysidebrazil"We revise our IPCA forecasts to 4.7% for 2026 and 4.0% for 2027, incorporating the more persistent effects of recent shocks."Apr 10, 2026