Brazil wholesale inflation index IGP-M posts deeper-than-expected July deflation
Question
Brazil wholesale inflation index IGP-M posts deeper-than-expected July deflation
Direct answer
Deeper IGP-M deflation supports expectations for further Selic cuts, putting downward pressure on DI futures and modestly weighing on BRL versus USD (USD/BRL) as fixed-income traders price a slightly steeper easing path.
- Original publisher
- Market Ontology
- Evidence through
- 2026-07-31
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “Brazil wholesale inflation index IGP-M posts deeper-than-expected July deflation”, revision 1, evidence through 2026-07-31. https://marketontology.com/market-events/2026-07-31/brazil-wholesale-inflation-index-igp-m-posts-deeper-than-expected-july-deflation-8223a1
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What happened next
| Asset | Call | Base close | +1 day | +5 days | +20 days |
|---|---|---|---|---|---|
| EWZ | Watch | 36.65 2026-07-31 | -0.63% | -3.57% | -3.00% |
Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.
Sources
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