Brazil IGP-10 jumps 1.47% in September, 12-month inflation at 3.29%

Brazil's IGP-10 price index rose 1.47% in September, reversing August's 0.51% decline, driven by the IPA (wholesale prices) and partly attributed to El Niño-related climate uncertainty affecting agricultural products. The 12-month rate accelerated to 3.29% from 2.88% in September 2025, signaling a potential uptick in inflationary pressures.