# 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%.

- Date: 2026-11-12 · published 2026-11-12T15:10:34.979Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/95685-brazil-inflation-remains-above-goal-despite-softer-than-expected-october-reading
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## 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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2016-11-11 | [Brazil real extends slump despite increased intervention](https://feedsoft.ai/events/5466-brazil-real-extends-slump-despite-increased-intervention.md) | +0.7% | -0.4% |
| USDBRL | 2024-10-31 | [Brazil's strong labor market fuels inflation fears ahead of expected rate hike](https://feedsoft.ai/events/28084-brazil-s-strong-labor-market-fuels-inflation-fears-ahead-of-expected-rate-hike.md) | -1.3% | +3.8% |
| USDBRL | 2026-06-16 | [Goldman Sachs stays bullish on Brazil’s real despite election risks](https://feedsoft.ai/events/10643-goldman-sachs-stays-bullish-on-brazil-s-real-despite-election-risks.md) | +2.5% | +0.5% |
| USDBRL | 2024-07-31 | [Brazil holds interest rates as expected, flags 'greater caution'](https://feedsoft.ai/events/29477-brazil-holds-interest-rates-as-expected-flags-greater-caution.md) | -0.2% | -2.7% |
| USDBRL | 2018-05-18 | [EMERGING MARKETS-Brazil real slumps despite intervention amid emerging market selloff](https://feedsoft.ai/events/9713-emerging-markets-brazil-real-slumps-despite-intervention-amid-emerging-market.md) | -1.8% | +1.2% |

## Sources

- money.usnews.com: https://money.usnews.com/investing/news/articles/2026-11-12/brazil-inflation-remains-above-goal-despite-softer-than-expected-october-reading
- terra.com.br: https://www.terra.com.br/economia/dolar-tem-alta-firme-contra-real-com-frustracao-do-mercado-em-relacao-a-medidas-fiscais,61e314b5bf841c7607a050202d70be1dizgb0r4o.html

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