• Brazil’s IPCA inflation rose 0.14% in October 2026, below the median market forecast.
• Inflation reached 4.1% year to date, with the 12-month rate at 4.63%, above the inflation target ceiling.
• Food prices increased 1.31%, while airfares fell 9.21%, helping offset upward pressure.
• Core inflation slowed to 0.23% from 0.36%, despite stronger underlying industrial goods inflation.
• The improvement does not warrant renewed Selic adjustments, with currency weakness and external risks remaining key considerations for monetary policy.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PICS NV published the original content used to generate this news brief on November 12, 2026, and is solely responsible for the information contained therein.