# Inflation: Dollar Adds to El Niño and Pushes After Election - 31/10/2026

> Economists have revised Brazil's IPCA inflation projections for 2026, 2027 and 2028 higher after Lula's re-election, according to Folha de S.Paulo. The US dollar rose 9.2% against the real in the post-election week. Research from BGC Liquidity and other market participants points to higher price expectations.

- Date: 2026-10-31 · published 2026-11-01T21:32:52.237Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/73690-inflation-dollar-adds-to-el-nino-and-pushes-after-election-31-10-2026
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Higher inflation expectations and a weaker real raise the likelihood of tighter monetary policy and higher domestic food costs in Brazil. This reinforces a stronger dollar against the real, which supports Brazilian exporters' competitiveness in feed commodities.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2026-10-26 | [Euro falls against dollar; Brazilian real tumbles after Lula election win](https://feedsoft.ai/events/17282-euro-falls-against-dollar-brazilian-real-tumbles-after-lula-election-win.md) | +7.6% | — |
| USDBRL | 2024-09-23 | [Dollar rises more than 1% at the start of a week marked by inflation data in Brazil and the US \| Brasil 247](https://feedsoft.ai/events/28517-dollar-rises-more-than-1-at-the-start-of-a-week-marked-by-inflation-data-in.md) | -1.1% | +3.9% |
| USDBRL | 2022-09-13 | [Latam FX slump as hot U.S. inflation sends dollar soaring \| Financial Post](https://feedsoft.ai/events/39796-latam-fx-slump-as-hot-u-s-inflation-sends-dollar-soaring-financial-post.md) | +0.4% | +1.1% |
| USDBRL | 2018-06-06 | [Brazil currency skids as election woes add to pessimism](https://feedsoft.ai/events/5376-brazil-currency-skids-as-election-woes-add-to-pessimism.md) | -2.7% | +2.7% |
| USDBRL | 2025-12-23 | [Real slides on election fears, seasonal dollar outflows](https://feedsoft.ai/events/21717-real-slides-on-election-fears-seasonal-dollar-outflows.md) | -1.4% | -5.0% |

## Sources

- ground.news: https://ground.news/article/inflation-dollar-adds-to-el-nino-and-pushes-after-election-31-10-2026

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.