Consumer prices in Brazil rose 0.89% month-on-month in the first half of April 2026, a significant acceleration from March's 0.44%. All nine surveyed product and service groups posted gains, with food and beverages and transportation driving 65% of the index. Food prices surged 1.46%, led by sharp increases in carrots (25.43%), onions (16.54%), milk (16.33%), and tomatoes (13.76%). Transportation costs jumped 1.34%, reversing March's trend, driven by a 6.06% spike in fuel prices. Gasoline rose 6.23% and diesel soared 16.00% as the conflict in Iran and the closure of the Strait of Hormuz pushed global oil prices higher. Health and personal care rose 0.93% due to pharmaceutical price adjustments of up to 3.81%, while housing costs accelerated to 0.42% following electricity tariff hikes.