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Brazil's Inflation Eases to 3.81%, Rate Cuts Possible

3/14/2026

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Summary

Story summary

Brazil's annual inflation rate eased to 3.81% in February, just above the 3.76% forecast.
The data suggests the central bank may adopt a gradual easing path, with futures rising as traders price in a Selic rate cut from 15%, and oil-price spikes could delay such cuts.
Resilient consumer demand and tensions from the Iran conflict complicate these plans.
Rising education costs, transportation fares, and utility bills contributed to inflation.

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Story summary

Brazil's annual inflation rate eased to 3.81% in February, just above the 3.76% forecast.
The data suggests the central bank may adopt a gradual easing path, with futures rising as traders price in a Selic rate cut from 15%, and oil-price spikes could delay such cuts.
Resilient consumer demand and tensions from the Iran conflict complicate these plans.
Rising education costs, transportation fares, and utility bills contributed to inflation.