IPCA (IBGE) measures inflation for households earning 1 to 40 minimum wages and is the Central Bank target index. INPC (IBGE) covers households earning 1 to 5 minimum wages, with more weight on food and transport. IGP-M (FGV) combines wholesale (60%), consumer (30%) and construction (10%) prices, so it reacts fast to the exchange rate and commodities and swings much more. In 2020, for example, IGP-M closed at 23.14% and IPCA at 4.52%.