São Paulo Inflation Cools to 0.15% as Food Prices Flatline, Bolstering Case for Interest Rate Cuts

2026-02-10 - 13:25

Key Points São Paulo’s consumer price index rose just 0.15% in early February, down from 0.21% in January, with food prices going completely flat Five of seven inflation components decelerated, including education’s seasonal spike easing from 5.12% to 3.92% Brazil’s central bank holds the Selic at 15% — its highest since the mid-2000s — but