Monthly inflation · Brazil
Brazil IPC-Fipe Inflation MoM
The Brazil IPC-Fipe 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 SEP, published on 2 October 2026, came in at 0.51%, up from 0.01% the time before.
Over the last 12 releases it ranged from -0.03% to 0.59%, averaging 0.28%; it has been rising for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 2 Oct 2026 | SEP | 0.51% | – | 0.01% |
| 2 Sep 2026 | AUG | 0.01% | – | -0.03% |
| 4 Aug 2026 | JUL | -0.03% | – | 0.18% |
| 2 Jul 2026 | JUN | 0.18% | – | 0.45% |
| 2 Jun 2026 | MAY | 0.45% | – | 0.40% |
| 5 May 2026 | APR | 0.40% | – | 0.59% |
| 2 Apr 2026 | MAR | 0.59% | – | 0.25% |
| 3 Mar 2026 | FEB | 0.25% | – | 0.21% |
| 3 Feb 2026 | JAN | 0.21% | – | 0.32% |
| 6 Jan 2026 | DEC | 0.32% | – | 0.20% |
| 2 Dec 2025 | NOV | 0.20% | – | 0.27% |
| 4 Nov 2025 | OCT | 0.27% | – | 0.65% |
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 IPC-Fipe Inflation MoM?
The Brazil IPC-Fipe Inflation MoM is the change in consumer prices in Brazil from the previous month (or quarter).
What was the latest Brazil IPC-Fipe Inflation MoM?
0.51% for SEP, published on 2 October 2026.
When is the next Brazil IPC-Fipe Inflation MoM?
On Wednesday 4 November 2026 at 08:00 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.