The General Price Index – Market (IGP-M) is a comprehensive measure of inflation in Brazil, often referred to as 'rent inflation' because it is the standard index for adjusting rental and utility contracts. It covers price changes across wholesale, consumer, and construction sectors, providing a broad view of inflationary pressures. Because it has a high weight on wholesale prices, it often serves as an early warning sign for consumer price trends. It is a critical indicator for the Brazilian Central Bank and financial markets.
Calculated by the Getulio Vargas Foundation (FGV), the index is a weighted average of three sub-indices: the Producer Price Index (IPA) at 60%, the Consumer Price Index (IPC) at 30%, and the National Construction Cost Index (INCC) at 10%.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 29, 2026 | — | 0.30 | — |
| Aug 28, 2026 | -0.22 | -0.25 | +0.03 |
| Jul 30, 2026 | -1.16 | -1.09 | -0.07 |
| Jun 29, 2026 | -0.50 | -0.45 | -0.05 |
| May 28, 2026 | 0.84 | 0.80 | +0.04 |
| Apr 29, 2026 | 2.73 | 2.50 | +0.23 |
| Jan 29, 2026 | 0.41 | 0.41 | 0.00 |
| Dec 29, 2025 | -0.01 | 0.15 | -0.16 |
| Nov 27, 2025 | 0.27 | 0.28 | -0.01 |
| Oct 30, 2025 | -0.36 | -0.23 | -0.13 |
| Sep 29, 2025 | 0.42 | 0.35 | +0.07 |
| Aug 28, 2025 | 0.36 | 0.21 | +0.15 |
| Jul 30, 2025 | -0.77 | -0.90 | +0.13 |
| Jun 27, 2025 | -1.67 | -1.02 | -0.65 |
| May 29, 2025 | -0.49 | 0.30 | -0.79 |
| Apr 29, 2025 | 0.24 | -0.09 | +0.33 |
| Mar 28, 2025 | -0.34 | -0.17 | -0.17 |
| Feb 27, 2025 | 1.06 | 1.03 | +0.03 |
| Jan 30, 2025 | 0.27 | 0.21 | +0.06 |
| Dec 27, 2024 | 0.94 | 1.10 | -0.16 |
| Nov 28, 2024 | 1.30 | 1.18 | +0.12 |
| Oct 30, 2024 | 1.52 | 1.48 | +0.04 |
| Sep 27, 2024 | 0.62 | 0.47 | +0.15 |
| Aug 29, 2024 | 0.29 | 0.46 | -0.17 |
| Jul 30, 2024 | 0.61 | 0.46 | +0.15 |
| Jun 27, 2024 | 0.81 | 0.87 | -0.06 |
| May 29, 2024 | 0.89 | 0.84 | +0.05 |
| Apr 29, 2024 | 0.31 | 0.05 | +0.26 |
| Mar 27, 2024 | -0.47 | -0.22 | -0.25 |
| Feb 28, 2024 | -0.52 | -0.50 | -0.02 |
| Jan 30, 2024 | 0.07 | 0.24 | -0.17 |
| Dec 28, 2023 | 0.74 | 0.66 | +0.08 |
| Nov 29, 2023 | 0.59 | 0.60 | -0.01 |
| Oct 30, 2023 | 0.50 | 0.61 | -0.11 |
| Sep 28, 2023 | 0.37 | 0.40 | -0.03 |
| Aug 30, 2023 | -0.14 | 0.15 | -0.29 |
| Jul 28, 2023 | -0.72 | -0.71 | -0.01 |
| Jun 29, 2023 | -1.93 | -1.70 | -0.23 |
| May 30, 2023 | -1.84 | -0.45 | -1.39 |
| Apr 27, 2023 | -0.95 | -0.74 | -0.21 |
| Mar 30, 2023 | 0.05 | 0.15 | -0.10 |
| Feb 27, 2023 | -0.06 | 0.05 | -0.11 |
| Jan 30, 2023 | 0.21 | 0.21 | 0.00 |
