September inflation at 0.82% exceeds market projections
A graduate of Cásper Líbero in Journalism, with a postgraduate degree in Political Marketing and Electoral Propaganda from USP. He worked for ESPN's website, covering the 2008 Beijing Olympics in China. He also worked for Metrópoles, InfoMoney, O Antagonista, iG, and Terra, covering politics and economy. As a press advisor, he worked in the Chamber of Deputies and the Ministry of Culture. He is the author of the books “Dias: a Vida do Maior Jogador do São Paulo nos Anos 1960” and “20 Jogos Eternos do São Paulo”.
TL;DR
- IPCA inflation was 0.82% in September 2026, following a 0.32% deflation in August.
- The annual inflation rate reached 4.58%, surpassing market forecasts.
- Accumulated inflation for the first nine months of 2026 was 3.95%.
- The Central Bank projects year-end inflation at 5.01%, above the target range.
- All surveyed groups, including housing, transportation, and food, registered price increases in September.
- Analysts suggest the Central Bank may pause interest rate cuts due to persistent inflation and election-related uncertainties.
- Inflation in services remains rigid, influenced by a tight labor market and wage gains.
- The performance of the Brazilian Real and future interest rate curves are being closely watched.
- El Niño effects may be contributing to higher food prices, particularly for fresh produce and rice.
- The IPCA measures inflation for families earning between one and 40 minimum wages across ten metropolitan regions and other municipalities.