COP30 Drives Sharp Inflation Surge in Belém with Accommodation Prices Jumping 155%
Belém sees a 155% hike in lodging prices amid COP30, driving the city's inflation to a regional high of 0.67%, well above Brazil's national rate.
- • Accommodation prices in Belém surged 155.24% in November compared to October due to COP30.
- • Belém's inflation rate reached 0.67%, highest among 11 regions, triple the national rate of 0.20%.
- • Airfares increased by over 25% in Belém, contributing to inflation in personal expenses nationally.
- • Economists note COP30's inflationary impact extends beyond Belém, influencing prices across Brazil.
Key details
In November 2025, Belém experienced a dramatic inflation spike chiefly driven by an unprecedented 155.24% increase in accommodation prices compared to October, according to the Brazilian Institute of Geography and Statistics (IBGE). This surge contributed to a localized inflation rate of 0.67%, the highest among 11 metropolitan regions studied, and significantly surpassed the national preliminary inflation rate of 0.20%. The inflationary effects are attributed to the 30th United Nations Climate Change Conference (COP30) and an earlier Climate Summit hosted in Belém, which attracted heads of state and government officials.
Besides lodging, airfare costs in Belém rose by 25.32%, pushing the inflation in the 'Personal Expenses' category up by 0.85% nationally — the largest increase among expenditure groups. This was accompanied by increases in health care and transport sectors, including an 11.87% rise in airfares nationwide. Over the past 12 months, accommodation prices in Greater Belém have surged by an extraordinary 204.63%, compared to a more modest 12.71% national average and a 10.86% increase in São Paulo for the same period.
Economist Gilberto Braga from Ibmec-RJ explained that the COP30-related inflation in Belém reverberates across Brazil, influencing broader price levels through travel and tourism channels. The forthcoming full IPCA inflation index for November, expected on December 10, will provide a comprehensive picture of the economic effects following COP30.
This article was synthesized and translated from native language sources to provide English-speaking readers with local perspectives.