Brazil’s General Market Price Index (IGP-M) rose 1.52% month-over-month in October 2024, marking the largest increase since March 2022, up from 0.62% in September. This rise was mainly driven by weather-related factors and heightened global demand for commodities. Key producer-side contributors were cattle, beef, and iron ore prices, while the primary consumer-side impact came from higher residential electricity tariffs. In civil construction, the largest increase stemmed from rising costs of materials, equipment, and services. source: FGV - Fundacao Getulio Vargas
IGP-M Inflation MoM in Brazil averaged 4.71 percent from 1989 until 2024, reaching an all time high of 83.95 percent in March of 1990 and a record low of -1.93 percent in June of 2023. This page includes a chart with historical data for Brazil IGP-M Inflation MoM. Brazil IGP-M Inflation MoM - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024.
IGP-M Inflation MoM in Brazil is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil IGP-M Inflation MoM is projected to trend around 0.40 percent in 2025 and 0.50 percent in 2026, according to our econometric models.