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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil IGP-DI Inflation MoM climbed to 1.5% in September 2026
FMPMonthlyReleased October 2026
Brazil IGP-DI Inflation MoM climbed to 1.5% in September 2026, released October 2026, up 1.44% from August's 0.06% reading.
Latest Release
1.500000
Actual
—
Consensus
0.060000
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 |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.53 | FOREX | Moves against | → View |
| S&P 500 | ▲ Direct | +0.31 | INDEX | 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 1.5% in October 2026. The reading rose from the previous value of 0.06%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.03%, ranging from -0.86% to 1.5% across 9 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.23%, up from the prior three at -0.25%. Volatility over the past year (σ 0.75%) is comparable than the prior year (σ 0.77%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500).
WHAT TO WATCH NEXT
The next release is scheduled for November 9, 2026. Same-country events in the next 14 days include CFTC BRL speculative net positions (Oct 30) and BCB Focus Market Readout (Nov 2).
Auto-generated from current model state · Refreshes on each release · Last update October 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 rose sharply to 1.500000% in October, up from September's 0.060000%, signaling a strong acceleration in monthly inflation. This marks a significant rebound after two months of near-zero or negative readings, indicating renewed price pressures. Market participants will closely watch upcoming central bank communications for potential policy adjustments. Updated 10/7/26
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 (Sep 2026): actual 1.5 %. Prior reading (Aug 2026): 0.06 %. Before that (Jul 2026): -0.86 %.
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 bullish 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 EUR/USD (Bearish EUR, r=-0.53) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - BR Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 11:00 | BR | IGP-M Inflation MoM | 1.47 | 1.57 | 1.6 | 1.54 | Low |
| 11:30 | BR | Bank Lending MoM | 0.4 | 0.5 | 1 | 0.70 | Low |
| 17:00 | BR | Gross Debt to GDP | 82.9 | 82.9 | 83.5 | 83.37 | Low |
| 18:30 | BR | Gross Debt to GDP | 82.9 | 82.9 | 83.5 | 83.37 | Low |