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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil Fipes IPC Inflation fell to 0.22% in February 2013
FMPMonthlyReleased March 2013
Brazil Fipes IPC Inflation fell to 0.22% in February 2013, released March 2013, down 0.93% from January's 1.15% reading.
Latest Release
0.220000
Actual
—
Consensus
1.150000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/BRL | ▼ Inverse | −0.50 | FOREX | Bullish BRL | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Fipes IPC Inflation (Brazil) was reported at 0.22% in March 2013. The reading fell from the previous value of 1.15%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/BRL (Bullish BRL). A secondary relationship exists with BTC/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (May 28) and Gross Domestic Product YoY (May 29).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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Fipes IPC Inflation - BR
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About Fipes IPC Inflation — Brazil
DEFINITION
Fipes IPC Inflation is a widely recognized financial indicator that measures the overall increase in prices of goods and services in a specific country or region. It is based on the Fipes IPC index, which tracks the changes in the prices of a basket of commonly purchased goods and services. This indicator is used by economists, investors, and policymakers to assess the current state of inflation and make informed decisions regarding monetary policies and investments.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 0.22 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/BRL (Bullish BRL, r=-0.50) — a useful reference for forex-focused traders.