Brazil's IPCA-15 Inflation Preview Jumps 0.70% in September, Above Forecasts

Brazil’s IPCA-15 inflation preview rose 0.70% in September, reversing the deflation seen in August and coming in above forecasts. The data, released by IBGE on Friday, 25 September 2026, lifted the mid-month measure—the preview of the country’s official inflation gauge—after a -0.40% reading in August. The housing segment was the biggest contributor (+2.07%), driven by residential electricity (+7.42%) as the Itaipu bonus expired and the yellow tariff flag returned, adding a surcharge. Cigarette prices jumped 14%, pushing personal expenses up 0.96%. Food increased 0.40% and transport rose 0.60% even as fuel prices fell.