◂ Event Timeline

Nov 12, 2026MACROBrazil

Brazil Inflation Remains Above Goal Despite Softer-Than-Expected October Reading

Brazil's IPCA inflation rose 0.14% in October, slowing from 0.82% in September and below the 4.73% annual forecast in a Reuters poll. The 12-month rate reached 4.63%, up from 4.58%.

WHY IT MATTERS

Persistent Brazilian inflation keeps interest rates high, which strengthens the real's funding costs and has limited direct effect on feed commodity prices.

AFFECTSBrazilian Real (BRL per USD)

2 SOURCES
money.usnews.comReutersNov 12, 2026
terra.com.brReutersNov 12, 2026

Price reaction & history

Brazilian Real (BRL per USD)no directional read

After 621 past macro events, Brazilian Real (BRL per USD) moved a median +0.2% over 5 sessions (53% higher; middle half -1.3% to +1.4%), and +0.6% over 20.

Nov 11, 2016Brazil real extends slump despite increased intervention+0.7%
Oct 31, 2024Brazil's strong labor market fuels inflation fears ahead of expected rate hike-1.3%
Jun 16, 2026Goldman Sachs stays bullish on Brazil’s real despite election risks+2.5%
Jul 31, 2024Brazil holds interest rates as expected, flags 'greater caution'-0.2%
May 18, 2018EMERGING MARKETS-Brazil real slumps despite intervention amid emerging market selloff-1.8%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Brazilian Real (BRL per USD) USDBRL · GP ▸

· ·