Brazil’s IGP-DI inflation index moved back into negative territory in February 2026, registering a month-over-month decline of 0.84%, according to data updated on 6 March 2026. The drop marks a sharp reversal from January 2026, when the index had inched up by 0.20%.
The February reading, compared on a month-over-month basis, indicates that overall price dynamics captured by the IGP-DI weakened significantly after a brief uptick at the start of the year. The January figure itself had been measured against the previous month, underscoring how quickly the price environment has shifted in early 2026.
With the index now signaling deflationary pressure after a modest gain in January, markets and policymakers will be closely watching whether this negative print proves temporary or points to a more persistent softening in Brazil’s price levels.
