CONSUMER PRICES
October inflation comes in below expectations, but price pressures remain

Grocery prices went down in October, but eating out has become more expensive. Photo: Casa da Photo/Shutterstock
Brazil’s inflation cooled sharply in October 2025, offering relief to households after months of stubborn price increases. Still, the Central Bank signaled it would keep interest rates at a two-decade high for the foreseeable future.
The benchmark IPCA index rose 0.09% in October, its lowest reading for that month since 1998, according to the Brazilian Institute of Geography and Statistics (IBGE). The annual price hike rate eased to…

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