FX.co ★ Brazil’s IPCA Inflation Cools Sharply to 0.12% in October, Easing from September Spike

Brazil’s seasonally adjusted IPCA inflation index decelerated sharply in October 2026, rising 0.12% month-over-month, down from a 0.88% increase in September. The latest reading, updated on 12 November 2026, signals a notable cooling in consumer price pressures after a one-month spike.

The comparison is based on month-over-month dynamics: October’s 0.12% gain reflects the change versus September, while the previous 0.88% figure measured September’s increase relative to August. The steep slowdown suggests that the factors driving September’s stronger price rise did not persist into October, potentially easing pressure on policymakers and markets watching the inflation path into year-end.