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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil PPI MoM climbed to 1.48% in December 2024
FMPMonthlyReleased February 2025
Brazil PPI MoM climbed to 1.48% in December 2024, released February 2025, up 0.23% from November's 1.25% reading. The print came in hotter than the 0.4% consensus, a hotter print than forecasters anticipated. PPI MoM has now risen for 5 consecutive months. Over the past 3 months, PPI MoM averaged 1.09%, vs 0.95% in the prior 3-month window. The reading is in the 94th percentile of the trailing 24-month range.
Latest Release
1.48
Actual
0.4
Consensus
1.25
Previous
Median Absolute Error
±0.4 percentage points
across last 12 releases
Last Call
Feb 2025
Predicted: 0.59
Actual: 1.48
Error: -0.89
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 |
|---|---|---|---|---|---|
| USD/BRL | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PPI MoM (Brazil) was reported at 1.48% in February 2025. This beat the market consensus of 0.4% by 1.08%. The reading rose from the previous value of 1.25%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 1.22%, up from the prior three at 0.95%.
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). Over the last 12 releases, the Sigmacast model's median absolute error is 0.4%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CFTC BRL speculative net positions (Sep 11) and BRICS Summit (Sep 12).
Auto-generated from current model state · Refreshes on each release · Last update February 2025.
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PPI MoM - BR
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About PPI MoM — Brazil
DEFINITION
PPI MoM stands for Producer Price Index Month-over-Month and is a key economic indicator used to measure the average change in prices received by domestic producers for their goods and services over a one-month period. This indicator provides valuable insights into inflationary pressures in the economy and is closely monitored by policymakers, investors, and businesses to make informed decisions. A higher PPI MoM indicates rising prices, while a lower PPI MoM suggests a decrease in prices, making it an essential tool for understanding the current state of the economy.
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 (Dec 2024): actual 1.48 %, consensus 0.4 %. Prior reading (Nov 2024): 1.23 %. Before that (Oct 2024): 0.94 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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 USD/BRL (Bullish BRL, r=-0.50) — a useful reference for forex-focused traders.
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Economic Calendar - BR Events
| Friday, September 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:00 | BR | Inflation Rate MoM | -0.4 | 0.07 | -0.29 | -0.30 | Medium |
| 12:00 | BR | Inflation Rate YoY | 4.24 | 4.44 | 4.27 | 4.28 | Medium |
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 14:00 | BR | Business Confidence | 46.3 | 45.7 | 45.80 | Medium | |