São Paulo has Brazil's most expensive basic food basket

Conab and Dieese data show that São Paulo's basic food basket cost R$ 852.87 in February, the highest among Brazilian capitals, equating to 56.88% of the minimum wage. It requires 115 hours and 45 minutes of work to purchase, the longest time recorded. Despite a 0.18% drop from January, costs remain high.

In February, São Paulo's basic food basket reached R$ 852.87, according to a survey by the National Supply Company (Conab) in partnership with the Intersindical Department of Statistics and Socioeconomic Studies (Dieese). This amount is 56.88% of the R$ 1,621 minimum wage and is the highest among Brazil's capitals. Following are Rio de Janeiro (R$ 826.98, 55.15%), Florianópolis (R$ 797.53, 53.19%), Cuiabá (R$ 793.77, 52.94%), and Porto Alegre (R$ 786.84, 52.48%). Purchasing the basket in São Paulo requires 115 hours and 45 minutes of work, the longest among the capitals studied. There was a 0.18% decrease from January, driven by price drops in tomato, sugar, coffee, rice, and soy oil. However, items like carioca beans, beef, French bread, butter, and whole milk rose in price. Over the past 12 months, coffee and beans saw significant increases, while rice, potato, and milk declined, without substantially easing the total cost. Dieese estimates the minimum wage needed to support a family of four at R$ 7,164.94, about 4.4 times the current one.

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Following stalled negotiations, Labor Minister Antonio Sanguino confirmed the 2026 minimum wage increase—now incorporating President Gustavo Petro's 'vital minimum wage' for family living costs—will be announced Dec 29-30 and decreed by Dec 31, per ILO standards.

The National Alliance of Small Merchants (Anpec) reported that the average price of the basic food basket rose 1.29% in January 2025 compared to December 2024, reaching 2,046.45 pesos. This 25.98-peso increase affects 44 essential products. The most impacted states include Yucatán and Querétaro with rises over 8%.

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Colombia's National Administrative Department of Statistics (Dane) reported that annual inflation for January 2026 stood at 5.35%, up 13 basis points from January 2025. Driven by lodging services, restaurants, and food, the figure slightly exceeded market expectations. This data will guide the Central Bank's monetary policy decisions.

Following President Petro's announcement and Labor Minister Antonio Sanguino's confirmation of the 2026 minimum wage decree—due December 29-30 and introducing the 'vital wage' concept—the Central Unitaria de Trabajadores (CUT) demands a 16% rise, while industry leaders caution against inflating living costs amid over 5% inflation.

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The National Administrative Department of Statistics (Dane) reported that Colombia's annual inflation for February 2026 was 5.29%, a slight slowdown from January's 5.35%. The monthly Consumer Price Index (CPI) variation stood at 1.08%, driven by rises in education and food. This figure remains above the Central Bank's target range of 3%.

Consultancy firm Empiria reported that in February 2026, the poorest 10% of households faced 3.3% inflation, compared to 2.9% for the richest 10%. The gap stems from the heavier weight of food and housing in low-income baskets. INDEC confirmed a general monthly inflation rate of 2.9%.

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