FX.co ★ Brazil’s IGP-M Inflation Cools Sharply in May, Slowing to 0.84% from 2.73%

Brazil’s General Market Price Index (IGP-M) decelerated markedly in May 2026, rising 0.84% after a much stronger 2.73% increase in April 2026, according to data updated on 28 May 2026. The month-over-month slowdown signals a significant easing in inflationary pressures captured by this key reference index.

The comparison is based on monthly changes: the “actual” May figure reflects the variation versus April, while the “previous” April indicator reflects the change against March. After a sharp rise in April, the May reading suggests a cooler price dynamic across the components tracked by the IGP-M.

Investors and analysts closely monitor the IGP-M as it is widely used in Brazil to adjust contracts and rents, meaning the shift from 2.73% to 0.84% may help moderate cost pressures tied to index-linked agreements going into the coming months.