17.03.202611:00:00UTC+00Brazil’s IGP-10 Deflation Eases in March, Points to Softer Price Pressures

Brazil’s IGP-10 inflation index showed a smaller deflation in March 2026, indicating a moderation in downward price pressures. The index registered -0.2% in March, compared with -0.4% in February 2026 on a month-over-month basis, according to data updated on 17 March 2026.

The month-over-month comparison shows that while prices continued to fall in March, the pace of decline slowed relative to February. In February, the -0.4% reading reflected a stronger deflationary move versus the preceding month, whereas March’s -0.2% print suggests a partial stabilization in wholesale and other components tracked by the IGP-10.

Analysts and market participants follow the IGP-10 closely as it often provides an early signal of broader price dynamics in the Brazilian economy. The latest figures suggest that, although deflation persists, the intensity of price declines has eased going into March 2026.