LatinNews Daily - 13 November 2026

*Brazil national statistics (Ibge) has released the inflation figures for October, putting monthly inflation at 0.14% and annual inflation at 4.63%. The latest monthly figure marks a deceleration compared to 0.82% in September, while the annual rate is up from 4.58%. Of the nine categories of products and services measured by the Ibge, seven posted monthly price increases in October while two registered monthly deflation. The categories with the greatest monthly inflation were food and drinks (+1.04%) and household items (+0.44%) while the categories which registered monthly price decreases were housing (-0.51%) and transport (-0.59%). In its report the Ibge highlighted a 1.92% drop in household electricity bills which contributed to the deflation in the housing category, while the monthly drop in the transport category was mainly driven by a 9.21% decrease in prices for air travel and a 0.31% drop in fuel prices. The latest figures follow the central bank (BCB)’s decision last week to maintain the benchmark interest rate (Selic) at 13.75%, marking an end to the rate-cut cycle which had seen five consecutive cuts to the Selic since March this year.