07.07.202611:00:00UTC+00Brazil’s IGP-DI Swings Into Deflation in June, Reversing May Price Spike

Brazil’s IGP-DI inflation index moved sharply into negative territory in June 2026, underscoring a sudden reversal in price dynamics after a strong rise the previous month. The index fell to -0.79% in June, on a month-over-month basis, according to data updated on 7 July 2026.

The drop follows a notable increase of 0.87% in May 2026, also measured month-over-month, signaling that price pressures captured by the IGP-DI have not only eased but turned into outright deflation within a single month. The comparison highlights a marked cooling in inflation momentum, with June’s figure fully offsetting and surpassing the price gains recorded in May.

The IGP-DI is closely watched by market participants as a gauge of broad price movements in Brazil’s economy. The abrupt shift from inflation to deflation between May and June 2026 is likely to draw attention from investors and policymakers assessing the trajectory of prices and the broader economic outlook.