Brazil's cost-of-living pressure keeps building, with mid-September inflation accelerating and energy costs a key driver, a dynamic that's weighing on the incumbent's re-election p
Brazil's cost-of-living pressure keeps building, with mid-September inflation accelerating and energy costs a key driver, a dynamic that's weighing on the incumbent's re-election prospects ahead of the tight vote. The Finance Ministry trimmed its 2026 growth outlook while slightly lowering its inflation forecast, adding to the cautious macro backdrop. The local currency firmed against the dollar amid US rate expectations and higher oil, while the Brazil ETF continues its soft drift as investors balance the inflation surprise against the political calendar.
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