Producer prices in Brazil rose 0.34% month-over-month in January 2026, the strongest increase since December 2024 and the second consecutive monthly gain. Fifteen of the twenty four industrial activities surveyed recorded price increases compared to December. Metallurgy had the largest impact on the overall result, rising 2.73%. Other key contributors included printing (2.73%), other chemical products (1.70%), extractive industries (1.39%), and perfumery, soaps, and cleaning products (1.67%). Over the 12-month period, the PPI fell 4.33%, following a 4.51% decline in December.