Economy

INPC, inflation that corrects wages, accumulates 4.49% in 12 months

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Briefings

Brazil's INPC inflation index closed October at 0.22%, resulting in a 12-month cumulative rate of 4.49%. This figure, updated by IBGE on November 12, influences salary adjustments and social security benefits. The INPC covers 367 sub-items across 10 regions, including major cities like São Paulo and Rio de Janeiro, while the broader IPCA index reached 4.63% for households earning up to 40 minimum wages.

Key points

• The INPC inflation index closed October at 0.22%, resulting in a 12-month cumulative rate of 4.49%.
• The INPC covers 367 sub-items across 10 regions, including major cities like São Paulo and Rio de Janeiro, while the broader IPCA index reached 4.63% for households earning up to 40 minimum wages.

Context

The INPC measures inflation for households with income up to five minimum wages, while the IPCA covers up to 40 minimum wages. Both indices are updated monthly by IBGE and influence salary adjustments and social security benefits.

Limitations

Data reflects October 2026 inflation figures; regional coverage limited to 10 metropolitan areas plus Brasília, Goiânia, Campo Grande, Rio Branco, São Luís, and Aracaju.

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