Brazil IGP-M inflation index jumps 1.47% in September preview, reversing August decline

Brazil's IGP-M price index rose 1.47% in the second September preview, a sharp reversal from the 0.36% drop in the second August preview. The surge is driven by the producer price index (IPA), up 1.95% after a 0.50% decline, signaling renewed inflationary pressure in wholesale prices. This suggests a potential upward shift in Brazil's inflation trajectory, which could influence central bank policy expectations.