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The Mid-month Inflation Rate (IPCA-15) measures the change in the price of a fixed basket of goods and services during the first half of the month. It serves as a reliable preview for the official monthly inflation index (IPCA), providing early insights into consumer price trends. It is one of the most closely watched indicators by the Central Bank of Brazil for setting interest rates.
Calculated by IBGE using price surveys conducted from the 16th of the previous month to the 15th of the current month across several metropolitan areas.