Brazil's IGP-DI Inches Higher in December, Ends 2025 Down 1.20%

Overview

• FGV reported the IGP-DI rose 0.10% in December after 0.01% in November, leaving the 2025 result at a 1.20% decline.
• The index’s components showed IPA-DI up 0.03%, IPC-DI up 0.28%, and INCC-DI up 0.21% in December.
• Core IPC-DI advanced 0.33% in December and accumulated a 4.38% increase over 2025, indicating persistent underlying price pressures.
• The diffusion index reached 61.29% in December, up 9.03 percentage points from November, signaling broader price increases across items.
• The weekly IPC-S accelerated to 0.40% in early January with a 12‑month rise of 4.39%, as Food, Clothing, Health and Personal Care, Miscellaneous Expenses, and Education/Reading/Recreation strengthened, with airfare, urban bus fares, residential water and sewage, health plans, and potatoes among the main upward influences.