{
  "id": 16190634,
  "title": "Brazil Inflation Eases Before Runoff Vote",
  "url": "https://urgent.news/2026/10/23/brazil-inflation-eases-before-runoff-vote",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T12:25:26.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/brazil-inflation-eases-before-runoff-vote/"
  },
  "original_language": "en",
  "account": "Brazil's mid-month inflation index increased by 0.32% in October, slightly lower than the 0.43% forecast. Over the past year, prices have risen 4.62%, eclipsing the 4.73% projection but surpassing the 4.47% reading from the previous month. Key drivers of the price hike include a 0.88% surge in food and drink costs, with tomatoes, onions, and potatoes leading the charge. Fuel prices also saw a notable jump to 1.20%, primarily due to diesel's 3.70% increase. Conversely, electricity prices dropped by 0.89% following the removal of a tariff surcharge, after a 7.42% rise the prior month.\n\nThe presidential runoff election in Brazil is scheduled for Sunday, 25 October. Currently, prediction markets predict Flávio Bolsonaro at 76.9% and Luiz Inácio Lula da Silva at 23.5% to win the runoff. On Polymarket, Flávio Bolsonaro's odds are quoted at 76.9%, while Lula's odds stand at 23.5%. The Ibovespa, Brazil's main stock index, closed on Thursday at 204,120 points, marking a 1.15% decline from the previous day's value of 206,495.\n\nThe impact of lower inflation on Brazil's economy and financial markets is significant. A softer inflation rate can provide the central bank with more flexibility to reduce the Selic policy rate, which stands at 13.75%. The upcoming election will determine the future course of Brazil's spending, debt management, and overall economic direction.",
  "summary": "Brazil’s inflation preview came in at 0.32% against 0.43% expected, on the last trading day before Sunday’s presidential runoff. The post Brazil Inflation Eases Before Runoff Vote appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}