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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil Producer Price Index MoM climbed to 2.63% in April 2026
FMPMonthlyReleased May 2026
Brazil Producer Price Index MoM climbed to 2.63% in April 2026, released May 2026, up 0.35% from March's 2.28% reading. The print exceeded the 1.8% consensus by 0.83%. Producer Price Index MoM has now risen for 6 consecutive months. Over the past 3 months, Producer Price Index MoM averaged 1.36%, vs -0.24% in the prior 3-month window. Producer Price Index MoM is now the highest in 15 months.
Latest Release
2.63
Actual
1.8
Consensus
2.28
Previous
Median Absolute Error
±0.41 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 1.87
Actual: 2.63
Error: -0.76
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.80 | FOREX | Bullish EUR | → View |
| USD/BRL | ▼ Inverse | −0.69 | FOREX | Bearish USD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Bullish XAU | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index MoM (Brazil) was reported at 2.63% in May 2026. This beat the market consensus of 1.8% by 0.83%. The reading rose from the previous value of 2.28%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 0.06%, ranging from -1.25% to 2.63% across 8 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 1.03%, up from the prior three at -0.35%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with USD/BRL, negatively correlated (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.42%.
WHAT TO WATCH NEXT
The next release is scheduled for July 3, 2026. Same-country events in the next 14 days include Interest Rate Decision (Jun 17) and CFTC BRL speculative net positions (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Producer Price Index MoM - BR
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About Producer Price Index MoM — Brazil
DEFINITION
Brazil's Producer Price Index MoM rose 2.63% in May, beating the 1.80% estimate and up from April's 2.37%. The increase signals accelerating input cost pressures after a strong April reading. Market focus will remain on inflation trends ahead of upcoming central bank policy decisions. Updated 5/28/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (Apr 2026): actual 2.63 %, consensus 1.8 %. Prior reading (Mar 2026): 2.37 %. Before that (Feb 2026): -0.25 %.
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 (Bullish EUR, r=0.80) — a useful reference for forex-focused traders.