Inflation forecast · World Bank data
Brazil inflation forecast
Inflation (CPI, annual %)
Latest · 2025
5.0%
Inflation in Brazil is forecast at 5.2% in 2026, with an 80% range of 0.0% to 37.3%. The latest World Bank figure is 5.0% for 2025.
For 2027 and 2028 the model projects 6.6% and 5.8% (+0.8 pp versus 2025).
Display-only line. World Bank data is annual: the forecasts are the yearly points marked on the chart. The monthly line between them is a straight-line interpolation for display, not a monthly forecast.
- 20261 yr ahead
- 5.2%▲ +0.2 pp80%: 0.0% – 37.3%
- 20272 yr ahead
- 6.6%▲ +1.6 pp80%: 0.0% – 40.3%
- 20283 yr ahead
- 5.8%▲ +0.8 pp80%: 0.0% – 47.1%
Backtest · last 5 years
How accurate has this been?
| Horizon | Tests | Avg. error | Naive error | In 80% range |
|---|---|---|---|---|
| 1 yr ahead | 5 | 4.41 pp | 2.33 pp | 100% |
| 2 yr ahead | 4 | 4.45 pp | 3.78 pp | 100% |
| 3 yr ahead | 3 | 1.56 pp | 3.19 pp | 100% |
We re-ran the model as if standing at past dates, using only the data available then. Avg. error is the mean absolute gap between the median and what happened (percentage points); naive assumes no change from the last value. A well-calibrated 80% range contains about 80% of outcomes. Annual series have few test points, so treat these as rough. Methodology
Source data
Recent values
| Year | Value | Change |
|---|---|---|
| 2025 | 5.0% | +0.65 pp |
| 2024 | 4.4% | −0.23 pp |
| 2023 | 4.6% | −4.69 pp |
| 2022 | 9.3% | +0.98 pp |
| 2021 | 8.3% | +5.09 pp |
| 2020 | 3.2% | −0.52 pp |
| 2019 | 3.7% | +0.07 pp |
| 2018 | 3.7% | +0.22 pp |
| 2017 | 3.4% | −5.29 pp |
| 2016 | 8.7% | −0.29 pp |
About this forecast
- Source
- World Bank, World Development Indicators · series FP.CPI.TOTL.ZG
- Data through
- 2025 · 45 observations
- Forecast updated
- Sep 28, 2026
- Model
- TimesFM 2.5 (Google Research, Apache-2.0), zero-shot
More forecasts for Brazil
Brazil overviewOther inflation forecasts
All 39Statistical model, not financial advice. This forecast is generated automatically from public data; the 80% range means outcomes are expected outside it about one time in five. Don't make financial decisions based only on it.
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