PicPay sees Brazil’s October IPCA-15 inflation below expectations at 0.32%

• Brazil’s October 2026 IPCA-15 rose 0.32%, below market expectations, PicPay’s analysis showed.
• Inflation reached 4.15% year to date, with the 12-month rate at 4.62%.
• The slowdown largely reflected falling electricity prices and airfares, down 0.89% and 9.24%, respectively.
• Food-at-home inflation accelerated to 0.88% from 0.4%, driven by weather-sensitive produce.
• Underlying services inflation increased to 0.45% from 0.28%, signaling a less favorable inflation composition despite the headline slowdown.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PICS NV published the original content used to generate this news brief on October 23, 2026, and is solely responsible for the information contained therein.