FX.co ★ Brazil’s IGP-M Inflation Swings Back to Positive, Rises 0.52% in March

Brazil’s General Market Price Index (IGP-M) returned to positive territory in March 2026, posting a 0.52% increase month-over-month, after having registered a 0.73% decline in February 2026. The data, updated on 30 March 2026, highlight a clear inversion in the price trend within just one month.

The shift from -0.73% in February to 0.52% in March indicates that price pressures, as measured by the IGP-M, have moved from deflationary to inflationary on a monthly basis. In the comparison period described, the “actual” figure reflects March’s change versus February, while the “previous” figure captures February’s move relative to January, underscoring how quickly conditions in Brazil’s price dynamics have turned.

Market participants and analysts often track the IGP-M closely, as it serves as a reference for various contracts and is a gauge of broader inflation trends. March’s positive reading, following February’s drop, may influence expectations for indexed contracts and help shape short-term views on Brazil’s inflation trajectory.