The IPCA (Broad National Consumer Price Index) is Brazil's official measure of consumer inflation, and the seasonally adjusted (SA) month-over-month figure tracks short-term price changes while removing predictable seasonal effects. It measures the price variations of a basket of goods and services consumed by families earning between 1 and 40 minimum wages. This specific index is vital for the Central Bank of Brazil when determining the Selic interest rate. It provides a clearer view of the underlying inflationary trend by smoothing out holiday or harvest-related price spikes.
Calculated by IBGE using a Laspeyres formula, comparing current prices to a base period across 13 major metropolitan areas in Brazil. Seasonal adjustment is applied using statistical models to filter out recurring annual patterns.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 11, 2026 | 0.17 | — | — |
| Jul 10, 2026 | 0.23 | — | — |
| Jun 12, 2026 | 0.60 | — | — |
| May 12, 2026 | 0.63 | — | — |
| Apr 10, 2026 | 0.82 | — | — |
| Feb 10, 2026 | 0.33 | — | — |
| Jan 9, 2026 | 0.26 | — | — |
| Dec 10, 2025 | 0.12 | — | — |
| Nov 11, 2025 | 0.07 | — | — |
| Oct 9, 2025 | 0.52 | — | — |
| Sep 10, 2025 | -0.04 | — | — |
| Aug 12, 2025 | 0.35 | — | — |
| Jul 10, 2025 | 0.31 | — | — |
| Jun 10, 2025 | 0.32 | — | — |
| May 9, 2025 | 0.41 | — | — |
| Apr 11, 2025 | 0.51 | — | — |
| Mar 12, 2025 | 1.32 | — | — |
| Feb 11, 2025 | 0.06 | — | — |
| Jan 10, 2025 | 0.44 | — | — |
| Dec 10, 2024 | 0.33 | — | — |
| Sep 10, 2024 | 0.08 | — | — |
| Aug 9, 2024 | 0.50 | — | — |
| Jul 10, 2024 | 0.28 | — | — |
| May 10, 2024 | 0.33 | — | — |
| Apr 10, 2024 | 0.10 | — | — |
| Mar 12, 2024 | 0.82 | — | — |
| Feb 8, 2024 | 0.32 | — | — |
