Polymarket traders price a 51.1% implied probability for Brazil's 2026 annual IPCA inflation landing in the 5.00-5.49% band, reflecting heightened concerns after March's consumer price index surged to 4.14% year-over-year—up from 3.81% in February and exceeding forecasts of 4.02%—driven by a 4.5% monthly fuel price spike amid Iran war-related oil shocks. The adjacent 4.50-4.99% outcome trails at 24.9%, as Banco Central do Brasil's latest Focus survey median for year-end 2026 IPCA rose to 4.36% for the fourth consecutive week, breaching the 4.5% tolerance ceiling. Copom's cautious 25-basis-point Selic cut to 14.75% in March underscores persistent upside risks from energy costs and food pressures, with April IPCA data and the next policy meeting as key near-term catalysts.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated5.00-5.49% 52.0%
4.50-4.99% 24.5%
4.00-4.49% 10%
5.50-5.99% 7.8%
$42,632 Vol.
$42,632 Vol.
<3.00%
<1%
3.00-3.49%
2%
3.50-3.99%
4%
4.00-4.49%
10%
4.50-4.99%
25%
5.00-5.49%
52%
5.50-5.99%
8%
6.00-6.49%
6%
6.50-6.99%
6%
7.00%+
7%
5.00-5.49% 52.0%
4.50-4.99% 24.5%
4.00-4.49% 10%
5.50-5.99% 7.8%
$42,632 Vol.
$42,632 Vol.
<3.00%
<1%
3.00-3.49%
2%
3.50-3.99%
4%
4.00-4.49%
10%
4.50-4.99%
25%
5.00-5.49%
52%
5.50-5.99%
8%
6.00-6.49%
6%
6.50-6.99%
6%
7.00%+
7%
This market will resolve according to the percentage change in the Extended National Consumer Price Index (IPCA) during the 12-month period ending December 2026 according to the monthly IBGE report.
The resolution source for this market will be the IBGE Extended National Consumer Price Index monthly report released for December 2026, currently scheduled to be released on January 12, 2027. Resolution of this market will take place upon release of the aforementioned data. If no data for the specified month is released by the date the next month's data is scheduled to be released, this market will resolve based on data from the last available month.
You can find the relevant figure by locating the report for December 2026 on the Press Releases page (https://agenciadenoticias.ibge.gov.br/en/agencia-press-room.html), locating the Period-Rate table and finding the IPCA growth rate figure in the column labeled "Rate" and the Row labeled “Cumulative in the year / 12 Months”. Changes in the IBGE’s reporting format will not disqualify a published relevant figure from counting.
Note: the resolution source for this market will be the official monthly IBGE IPCA news release which reports inflation during 12-month periods to two decimal points (e.g. 4.26%). Thus, this is the level of precision that will be used when resolving the market. For the full release schedule, see: https://www.ibge.gov.br/en/calendar.html
Market Opened: Jan 23, 2026, 10:35 AM ET
Resolver
0x2F5e3684c...This market will resolve according to the percentage change in the Extended National Consumer Price Index (IPCA) during the 12-month period ending December 2026 according to the monthly IBGE report.
The resolution source for this market will be the IBGE Extended National Consumer Price Index monthly report released for December 2026, currently scheduled to be released on January 12, 2027. Resolution of this market will take place upon release of the aforementioned data. If no data for the specified month is released by the date the next month's data is scheduled to be released, this market will resolve based on data from the last available month.
You can find the relevant figure by locating the report for December 2026 on the Press Releases page (https://agenciadenoticias.ibge.gov.br/en/agencia-press-room.html), locating the Period-Rate table and finding the IPCA growth rate figure in the column labeled "Rate" and the Row labeled “Cumulative in the year / 12 Months”. Changes in the IBGE’s reporting format will not disqualify a published relevant figure from counting.
Note: the resolution source for this market will be the official monthly IBGE IPCA news release which reports inflation during 12-month periods to two decimal points (e.g. 4.26%). Thus, this is the level of precision that will be used when resolving the market. For the full release schedule, see: https://www.ibge.gov.br/en/calendar.html
Resolver
0x2F5e3684c...Polymarket traders price a 51.1% implied probability for Brazil's 2026 annual IPCA inflation landing in the 5.00-5.49% band, reflecting heightened concerns after March's consumer price index surged to 4.14% year-over-year—up from 3.81% in February and exceeding forecasts of 4.02%—driven by a 4.5% monthly fuel price spike amid Iran war-related oil shocks. The adjacent 4.50-4.99% outcome trails at 24.9%, as Banco Central do Brasil's latest Focus survey median for year-end 2026 IPCA rose to 4.36% for the fourth consecutive week, breaching the 4.5% tolerance ceiling. Copom's cautious 25-basis-point Selic cut to 14.75% in March underscores persistent upside risks from energy costs and food pressures, with April IPCA data and the next policy meeting as key near-term catalysts.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated



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