FX.co ★ Brazil’s IGP-DI Inflation Doubles Month-on-Month in January

Brazil’s IGP-DI inflation index accelerated at the start of 2026, with the indicator reaching 0.20% in January, up from 0.10% in December 2025. The data, updated on 06 February 2026, show that inflation pressure, as measured by the IGP-DI, doubled on a month-over-month basis.

In December 2025, the index had already turned positive at 0.10% compared with the previous month. January’s 0.20% reading indicates a further build-up in prices when comparing the change to the prior month, suggesting that inflationary momentum, while still modest, is gaining pace in early 2026. Investors and analysts will be watching upcoming readings closely to assess whether this marks the beginning of a more sustained uptick in Brazil’s inflation environment as captured by the IGP-DI benchmark.