Monthly inflation · Brazil
Brazil IGP-M Inflation MoM
The Brazil IGP-M Inflation MoM is the change in consumer prices in Brazil from the previous month (or quarter).
- Importance
- Low
- Released
- Monthly
- Next release
- Currency
- BRL · Brazilian real
- Central bank
- The Banco Central do Brasil
Latest figures
The latest release for OCT, published on 29 October 2026, came in at 1.47%, below the consensus of 1.6%, down from 1.57% the time before.
A lower figure than expected gives the Banco Central do Brasil room to cut or hold rates lower: the Brazilian real tends to soften and bond yields to fall.
Over the last 12 releases it ranged from -1.16% to 2.73%, averaging 0.43%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 29 Oct 2026 | OCT | 1.47% | 1.6% | 1.57% |
| 29 Sep 2026 | SEP | 1.57% | 1.6% | -0.22% |
| 28 Aug 2026 | AUG | -0.22% | -0.25% | -1.16% |
| 30 Jul 2026 | JUL | -1.16% | -1.09% | -0.5% |
| 29 Jun 2026 | JUN | -0.5% | -0.45% | 0.84% |
| 28 May 2026 | MAY | 0.84% | 0.80% | 2.73% |
| 29 Apr 2026 | APR | 2.73% | 2.5% | 0.52% |
| 30 Mar 2026 | MAR | 0.52% | 0.5% | -0.73% |
| 26 Feb 2026 | FEB | -0.73% | -0.6% | 0.41% |
| 29 Jan 2026 | JAN | 0.41% | 0.41% | -0.01% |
| 29 Dec 2025 | DEC | -0.01% | 0.15% | 0.27% |
| 27 Nov 2025 | NOV | 0.27% | 0.28% | -0.36% |
Why it matters
The monthly change is the freshest reading of price pressure: the yearly rate is the sum of the last twelve monthly changes, so today's monthly figure tells you where the yearly rate is heading.
How it is calculated
IBGE prices a fixed basket of goods and services across the country and compares the index with the previous period. Seasonal patterns (sales, holidays) make raw monthly figures jumpy; some countries also publish seasonally adjusted numbers.
Monthly inflation = index(this month) ÷ index(last month) − 1
Annualised ≈ (1 + monthly)¹² − 1What changes mean
- Compare with the same month in earlier years: January and September often have seasonal jumps.
- 0.2% a month is about the 2% a year most central banks aim for.
Higher than expected: A higher figure than expected makes the Banco Central do Brasil more likely to keep rates high or raise them: it tends to support the Brazilian real and push bond yields up, and is often a weight on stocks.
Lower than expected: A lower figure than expected gives the Banco Central do Brasil room to cut or hold rates lower: the Brazilian real tends to soften and bond yields to fall.
A short history
Monthly price indexes date from the early 20th century; many countries began publishing them during or after the First World War to adjust wages to the cost of living.
Questions
What is the Brazil IGP-M Inflation MoM?
The Brazil IGP-M Inflation MoM is the change in consumer prices in Brazil from the previous month (or quarter).
What was the latest Brazil IGP-M Inflation MoM?
1.47% for OCT, published on 29 October 2026 (consensus 1.6%, previous 1.57%).
When is the next Brazil IGP-M Inflation MoM?
On Friday 27 November 2026 at 11:00 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.