Brazil’s Inflation Cools, But The Real Test Is Credibility

Key Points Brazil’s mid-month inflation gauge eased to 4.41% year-on-year, still above the 3% goal but just inside the official ceiling. December’s pressure came from travel and transport—airfares jumped 12.71%—while groceries kept falling in many staples. With rates at 15%, the question for 2026 is not “can cuts start?” but “has inflation truly turned, especially […]