FX.co ★ Brazil’s Inflation Edges Up in October, Year-on-Year CPI Hits 4.63%

Brazil’s consumer price inflation inched higher in October 2026, with the year-on-year Consumer Price Index (CPI) reaching 4.63%, up from 4.58% in September. The data, updated on 12 November 2026, show a marginal acceleration in price growth compared with the same month a year earlier.

Both the current and previous readings are calculated on a year-over-year basis, meaning October’s 4.63% figure reflects how prices have changed since October of the prior year, while September’s 4.58% captured the annual change versus September a year earlier. The slight uptick suggests inflationary pressures remain present but relatively contained, a detail likely to be watched closely by policymakers and financial markets assessing the trajectory of Brazil’s price dynamics and potential implications for monetary policy.