The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The IPCA-15 (Extended National Consumer Price Index 15) serves as a reliable preview of Brazil's official monthly inflation data. It tracks price changes for a basket of goods and services consumed by households with incomes ranging from 1 to 40 minimum wages. This indicator is a critical tool for the Central Bank of Brazil (BCB) in assessing whether inflation is trending toward its target, directly influencing Selic interest rate decisions.
Calculated by the IBGE using a survey of prices in several metropolitan areas, comparing the current mid-month period to the same period of the previous year. It uses the Laspeyres formula to weight different categories based on household expenditure surveys.