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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil IGP-10 Inflation Index MoM fell to 0.9% in April 2026
FMPMonthlyReleased May 2026
Brazil IGP-10 Inflation Index MoM fell to 0.9% in April 2026, released May 2026, down 2.0% from March's 2.9% reading.
Latest Release
0.900000
Actual
—
Consensus
2.900000
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 |
|---|---|---|---|---|---|
| Bovespa | ▲ Direct | +0.83 | INDEX | Bullish Bovespa | → View |
| EUR/USD | ▼ Inverse | −0.43 | FOREX | Bearish EUR | → View |
| BTC/USD | ▼ Inverse | −0.38 | CRYPTO | Bearish BTC | → View |
| USD/BRL | ▲ Direct | +0.26 | FOREX | Bullish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
IGP-10 Inflation Index MoM (Brazil) was reported at 0.9% in May 2026. The reading fell from the previous value of 2.9%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged -0.13%, ranging from -1.7% to 0.9% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.1%, down from the prior three at 0.17%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Bovespa (Bullish Bovespa). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
The next release is scheduled for June 16, 2026. Same-country events in the next 14 days include Retail Sales MoM (Jun 12) and Inflation Rate YoY (Jun 12).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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IGP-10 Inflation Index MoM - BR
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About IGP-10 Inflation Index MoM — Brazil
DEFINITION
Brazil's IGP-10 Inflation Index MoM rose 0.90% in May, down sharply from April's 2.90%. The May reading signals a significant deceleration in monthly inflation momentum after a strong surge the previous month. Market focus will remain on upcoming inflation data to assess persistence amid central bank policy considerations. Updated 5/18/26
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 (May 2026): actual 0.9 %. Prior reading (Apr 2026): 2.9 %. Before that (Mar 2026): -0.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with Bovespa (Bullish Bovespa, r=0.83) — a useful reference for index-focused traders.