The Ministry of Finance celebrated this Friday (9) the result of official inflation for 2025. The Broad National Consumer Price Index (IPCA) ended the year at 4.26%within the target system and with the fifth lowest rate recorded since 1995, the beginning of the Real Plan.
The assessment is made by the department’s executive secretary, Dario Durigan, who temporarily holds the position of Minister of Finance during Fernando Haddad’s vacation. According to him, the result consolidates a scenario of greater economic stability and reinforces the government’s goal of delivering the lowest accumulated inflation during a presidential term since the creation of the real.
“The 4.26% is the lowest IPCA since 2018. But, in 2018, unemployment was at 11.6%. Now it is at 5.2%. We are delivering low inflation and unemployment,” said Durigan, in a post on social media.
The interim minister also highlighted that the result was below financial market expectations throughout much of the year. In the first half of 2025, the bulletin Focus it even pointed out inflation projections close to 5.6%.
Dario Durigan highlighted that the IPCA result was below financial market expectations. Photo: José Cruz/Arquivo Agência Brasil
Another point highlighted by Durigan was the more moderate behavior of food prices, which increased by 1.43% in the year, contributing to the slowdown in the general index. In the food and beverage group, inflation was 2.95%, well below the 7.69% recorded in 2024.
“With the economic and fiscal stability that we returned to Brazil, we reaped good GDP growth, low unemployment, increased real income from work and declines in poverty, extreme poverty and inequality. Have no doubt: 2026 will be no different!”, he declared.
In 2025, official inflation was below the target ceiling of 4.5%, in a context of contractionary monetary policy, with the basic interest rate at 15% per year, at the highest level since 2006. In a statement, the Secretary of Economic Policies for Finance, Guilherme Mello, highlighted that coordination between fiscal and monetary policy helped to reduce inflationary pressures.
Planning
The Minister of Planning, Simone Tebet, also celebrated the result. In a post on social media, she highlighted the positive impact of the price slowdown on the population’s cost of living.
Minister of Planning and Budget, Simone Tebet, also celebrated the IPCA result. Photo: Lula Marques/Arquivo Agência Brasil
“We closed the year well: IPCA for 2025 was 4.26%, within the inflation target range, and 0.57 percentage points below the 4.83% recorded in 2024. Food prices rose less: 2.95% in 2025 versus 7.69% in 2024,” wrote Tebet.
The minister added that the combination of lower inflation, a strong job market and increased income directly improves the lives of Brazilians. Tebet highlighted the contribution of food to reducing the price index.
“Just as important as staying within the target is low inflation for the item that matters most: food. Less than half of 2024. More food on the tables of Brazilians, who have seen a real increase in the minimum wage,” he added.
