2026.06.2911:00:00UTC+00Brazil’s IGP-M Swings into Deflation in June, Falls 0.50% After May Rebound

Brazil’s General Market Price Index (IGP-M) registered a month-over-month decline of 0.50% in June 2026, reversing direction after posting a 0.84% increase in May 2026, according to data updated on 29 June 2026.

The move from a positive 0.84% in May to a negative 0.50% in June highlights a sharp shift in short-term price dynamics captured by the IGP-M, which is widely tracked as a benchmark for contracts and indexed prices in Brazil. On a month-over-month comparison, June’s negative reading contrasts with May’s prior acceleration, indicating a cooling of inflationary pressures—or even temporary deflation—within the index’s broad basket.

This month-over-month comparison reflects how price changes in June 2026 stack up against May 2026, while the earlier May figure represented a comparison with April. The latest reading will be closely watched by markets and businesses that rely on the IGP-M as a reference for adjustments in rents, tariffs and other contracts tied to the index.