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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil IGP-DI Inflation MoM fell to -0.79% in June 2026
FMPMonthlyReleased July 2026
Brazil IGP-DI Inflation MoM fell to -0.79% in June 2026, released July 2026, down 1.66% from May's 0.87% reading.
Latest Release
-0.790000
Actual
—
Consensus
0.870000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.65 | INDEX | Moves with | → View |
| USD/BRL | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.28 | CRYPTO | Moves with | → View |
| XAU/USD | ▲ Direct | +0.26 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
IGP-DI Inflation MoM (Brazil) was reported at -0.79% in July 2026. The reading fell from the previous value of 0.87%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0%, ranging from -0.84% to 0.87% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged -0.25%, down from the prior three at 0.1%. Volatility over the past year (σ 0.51%) is lower than the prior year (σ 0.9%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with USD/BRL, positively correlated (Bullish USD).
WHAT TO WATCH NEXT
The next release is scheduled for August 7, 2026. Same-country events in the next 14 days include Industrial Production MoM (Aug 4) and S&P Global Services PMI (Aug 5).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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IGP-DI Inflation MoM - BR
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About IGP-DI Inflation MoM — Brazil
DEFINITION
Brazil's IGP-DI Inflation MoM fell to -0.790000% in June, reversing May's 0.870000% increase. This marks a sharp contraction following a month of expansion. Market focus now shifts to upcoming inflation data and central bank policy adjustments. Updated 7/9/26
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 (Jun 2026): actual -0.79 %. Prior reading (May 2026): 0.87 %. Before that (Apr 2026): 2.41 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower 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 headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.65) — a useful reference for index-focused traders.
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Economic Calendar - BR Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 11:00 | BR | IGP-M Inflation MoM | -1.16 | -0.5 | -1.09 | -1.13 | Low |
| 11:30 | BR | Bank Lending MoM | 0.7 | 0.6 | 0.5 | 0.60 | Low |
| 12:00 | BR | Unemployment Rate | 5.4 | 5.6 | 5.4 | 5.40 | Medium |