Brazil’s producer prices fell 0.3% in July 2025, extending their losing streak to six months after a 1.27% drop in June. Deflation was owed to metallurgy (-1.65%), metal products (-1.54%), and food (-1.33%), with half of the 24 industrial activities posting decreases overall. Extractive industries (+2.42%) and perfumery, soaps, and cleaning products (+1.41%) offered partial offsets. By category, consumer goods prices fell 0.43% while capital goods rose 0.51%. On an yearly basis, producer inflation slowed to 1.36%, down from 3.22% in June.