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Brazil Inflation Shoots Through Target Limit Before Runoff Vote

Bloomberg Markets Friday 23 October 2026, 12:15 UTC By Andrew Rosati 1 min read
Key Points

Indicators Brazil Inflation Shoots Through Target Limit Before Runoff Vote Brazil’s annual inflation rate shot through the target ceiling in early October, adding to voters’ frustrations as they prepare to pick their next president on Sunday. Official data released Friday showed that consumer prices gained 4.62% from a year earlier, below the 4.74% median estimate of analysts surveyed by Bloomberg. On the month, inflation reached 0.32%.

Indicators Brazil Inflation Shoots Through Target Limit Before Runoff Vote Brazil’s annual inflation rate shot through the target ceiling in early October, adding to voters’ frustrations as they prepare to pick their next president on Sunday. Official data released Friday showed that consumer prices gained 4.62% from a year earlier, below the 4.74% median estimate of analysts surveyed by Bloomberg. On the month, inflation reached 0.32%. The central bank targets inflation at 3%, with a tolerance band of 1.5 percentage points in either direction.
Brazil (LOCATION) Bloomberg (ORG)
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