According to the Brazilian Institute of Geography and Statistics (IBGE), the Sinapi (National Construction Index) accelerated to 1,19% in June, after registering a rise of only 0,36% in May. The rate was 0,83 percentage points above the previous month and represented the largest monthly increase since August 2022, excluding January 2026, when a change in payroll tax rules for construction firms had distorted the reading.
Over the 12 months through June, the index accumulated inflation of 7,26%, up from 6,93% in the period ending in May, while the year-to-date figure reached 4,48%. As a result, the national average construction cost per square metre rose from 1.953,08 reais in May to 1.976,37 reais in June, of which 1.114,74 reais corresponded to materials and 861,63 reais to labour, per the IBGE data cited by Poder360.
The materials component rose 0,92% in June, the highest monthly rate of the year, above the 0,53% recorded in May. Labour costs advanced 1,55%, also the steepest increase of 2026, driven by collective bargaining agreements signed across several states during the period.
Regionally, the Northeast posted the largest monthly variation among Brazil's five regions, at 1,45%, linked to wage adjustments in Ceará and Pernambuco. The other regions recorded increases of 1,33% in the Southeast, 0,91% in the Center-West, 0,86% in the South and 0,58% in the North. Among individual states, Pernambuco led June's rise with 2,98%, driven by adjustments for professional categories and higher materials prices.