FX.co ★ Brazil’s IGP-DI Swings Back to Inflation in March, Rising 1.14% After February Drop

Brazil’s IGP-DI inflation index posted a sharp turnaround in March 2026, climbing 1.14% month-over-month after a decline of 0.84% in February 2026, according to data updated on 8 April 2026.

The move marks a clear inversion in price dynamics: while February’s reading reflected month-over-month deflation, the March figure signals a renewed inflationary trend in wholesale and related prices captured by the IGP-DI. On a month-over-month comparison basis, the “actual” indicator for March contrasts with the “previous” period, when the index had retreated.

The reversal from negative to positive territory will likely draw attention from investors and analysts tracking Brazil’s inflation trajectory and its potential implications for monetary policy and broader economic conditions.