FX.co ★ Brazil’s IGP-DI Inflation Index Deepens Deflation in July With -0.86% Reading

Brazil’s General Price Index – Internal Availability (IGP-DI) registered a deeper deflation in July 2026, with the indicator closing at -0.86%, compared with -0.79% in June 2026. The data, updated on 7 August 2026, confirms a month-over-month acceleration in price declines across the index’s surveyed components.

On a month-over-month basis, the July figure shows that deflationary pressures have intensified, as the current result (-0.86%) reflects a larger drop than the previous month’s change (-0.79%). The comparison period description indicates that each reading measures the change relative to the immediately preceding month, underscoring a sequential increase in downward price momentum.

The persistent negative readings in June and July suggest ongoing disinflation in the Brazilian economy as captured by the IGP-DI, a key reference for wholesale, construction and consumer price dynamics. Market participants and policymakers are likely to closely monitor whether this trend continues in the coming months and how it may influence future monetary policy decisions and inflation expectations.