MarketsNotableReported
5.4
Itaú Flags Upside Risk to Brazil IPCA with Alternative Core Measure
Valor Econômico·BR·1 day ago
Brazil's IPCA rose 0.82% in September, pushing 12-month inflation to 4.58%, above the central bank's target range midpoint. Residential electricity surged 7.98% in the month, a key driver. This strengthens the case for the central bank to maintain or extend its tightening cycle, pressuring Brazilian rates and the real.