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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil Inflation Rate YoY climbed to 4.62% in October 2026
FMPMonthlyReleased November 2026
Brazil Inflation Rate YoY climbed to 4.62% in October 2026, released November 2026, up 0.04% from September's 4.58% reading. The reading matched expectations. The print is running well above the 12-month average of 4.39%. Over the past 3 months, Inflation Rate YoY averaged 4.47%, vs 4.6% in the prior 3-month window. The reading is in the 44th percentile of the trailing 24-month range.
Latest Release
4.62
Actual
4.7
Consensus
4.58
Previous
Median Absolute Error
±0.07 percentage points
across last 12 releases
Last Call
Nov 2026
Predicted: 4.69
Actual: 4.62
Error: +0.07
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.26 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Inflation Rate YoY (Brazil) was reported at 4.62% in November 2026. This missed the market consensus of 4.7% by 0.08%. The reading rose from the previous value of 4.58%. Trailing 12-month context per ETL data through November 2026. Over the past 12 months, the indicator has averaged 4.45%, ranging from 3.81% to 4.72% across 13 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 4.61%, up from the prior three at 4.43%. Volatility over the past year (σ 0.24%) is lower than the prior year (σ 0.29%). In November readings over the past 3 years, Inflation Rate YoY has averaged 4.72%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.07%.
WHAT TO WATCH NEXT
The next release is scheduled for November 12, 2026. Same-country events in the next 14 days include CFTC BRL speculative net positions (Oct 30) and BCB Focus Market Readout (Nov 2).
Auto-generated from current model state · Refreshes on each release · Last update November 2026.
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Inflation Rate YoY - BR
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About Inflation Rate YoY — Brazil
DEFINITION
The Inflation Rate YoY (Year-over-Year) is a financial indicator that measures the percentage change in the overall price level of goods and services over a 12-month period. It is a key measure of inflation and is used by economists and policymakers to monitor the health of an economy and make informed decisions regarding monetary policy. A higher inflation rate can indicate a growing economy, but if it rises too quickly, it can lead to negative effects such as decreased purchasing power and higher interest rates. Conversely, a lower inflation rate can signal a slowing economy, but if it falls too low, it can lead to deflation and potential economic instability. The Inflation Rate YoY is an important tool for understanding and managing the impact of price changes on the economy.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual 4.62 %, consensus 4.7 %. Prior reading (Sep 2026): 4.47 %. Before that (Aug 2026): 4.24 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - BR Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 11:00 | BR | IGP-M Inflation MoM | 1.47 | 1.57 | 1.6 | 1.54 | Low |
| 11:30 | BR | Bank Lending MoM | 0.4 | 0.5 | 1 | 0.70 | Low |
| 17:00 | BR | Gross Debt to GDP | 82.9 | 82.9 | 83.5 | 83.37 | Low |
| 18:30 | BR | Gross Debt to GDP | 82.9 | 82.9 | 83.5 | 83.37 | Low |