Trader consensus on Polymarket prices Brazil's 2026 annual inflation in the 4.00-4.49% band at 46% implied probability, reflecting sticky services inflation and fiscal expansion risks under President Lula's administration despite ongoing disinflation. September CPI eased to 4.83% YoY from August's 4.24%, aligning with Banco Central do Brasil's (BCB) 3% target but underscoring persistent pressures from food costs and a depreciating real against the USD. BCB's latest Focus bulletin forecasts 3.95% for 2026 amid Selic cuts to 10.75%, yet traders assign only 26% to 3.50-3.99%, wary of upside from commodity volatility and looser policy, with higher bands gaining traction on recent spending bills.
Experimental AI-generated summary referencing Polymarket data · Updated4.00-4.49% 46%
3.50-3.99% 26%
3.00-3.49% 8.4%
4.50-4.99% 8.0%
<3.00%
3%
3.00-3.49%
8%
3.50-3.99%
26%
4.00-4.49%
46%
4.50-4.99%
8%
5.00-5.49%
5%
5.50-5.99%
6%
6.00-6.49%
6%
6.50-6.99%
5%
7.00%+
7%
4.00-4.49% 46%
3.50-3.99% 26%
3.00-3.49% 8.4%
4.50-4.99% 8.0%
<3.00%
3%
3.00-3.49%
8%
3.50-3.99%
26%
4.00-4.49%
46%
4.50-4.99%
8%
5.00-5.49%
5%
5.50-5.99%
6%
6.00-6.49%
6%
6.50-6.99%
5%
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...Resolver
0x2F5e3684c...Trader consensus on Polymarket prices Brazil's 2026 annual inflation in the 4.00-4.49% band at 46% implied probability, reflecting sticky services inflation and fiscal expansion risks under President Lula's administration despite ongoing disinflation. September CPI eased to 4.83% YoY from August's 4.24%, aligning with Banco Central do Brasil's (BCB) 3% target but underscoring persistent pressures from food costs and a depreciating real against the USD. BCB's latest Focus bulletin forecasts 3.95% for 2026 amid Selic cuts to 10.75%, yet traders assign only 26% to 3.50-3.99%, wary of upside from commodity volatility and looser policy, with higher bands gaining traction on recent spending bills.
Experimental AI-generated summary referencing Polymarket data · Updated



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