Brazil’s IPC-Fipe inflation index returned to slight positive territory in August 2026, rising 0.01% month-over-month, after recording a 0.03% deflation in July 2026. The data, updated on 2 September 2026, indicate a marginal shift from mild price declines to near-stagnant inflation in the period.
On a month-over-month basis, the comparison highlights the reversal in direction: the “previous” reading for July showed a -0.03% change versus June, while the “actual” August figure marks a 0.01% increase over July. Although the magnitude of the move is small, the change suggests that consumer prices in São Paulo, as captured by the IPC-Fipe, have stabilized after a brief dip into negative territory.
