Brazil’s producer prices rose 1.54% month-on-month in September 2026, marking its highest level since April and accelerating sharply from a 0.34% rise in the prior month. Inflation in the mining and quarrying sector surged to 11.04%, its highest level since March, from 4.34% in the previous month. This reflected higher prices for crude petroleum oils, mined iron and iron concentrates. Price growth in manufacturing accelerated to 1.12% from 0.17% in August. Food price inflation increased to 2.4%, its highest level since September 2024, from 1.99%, while prices in the manufacture of coke, petroleum products and biofuels rebounded by 4.88%, its steepest pace of growth since April, following a 0.16% decline in the previous month. On an annual basis, producer prices accelerated to 4.34% in September, its highest level since May 2025, up from 2.5% in August.