RIO DE JANEIRO, Brazil, Nov 11, 2025 (BSS/AFP) - Consumer prices in Brazil 
rose at their slowest pace for the month of October in 27 years, bringing 
inflation closer to the government's target, according to official data 
released on Tuesday.

This is good news for President Luiz Inacio Lula da Silva's left-wing 
government, whose popularity took a hit earlier this year after sharp 
increases in food prices.

Year-on-year inflation in Latin America's largest economy fell to 4.68 
percent in October, down from 5.17 percent in September.

This places inflation just above the upper limit of the official target rate 
of 4.5 percent.

Prices increased only 0.09 percent, the lowest for any October since 1998, 
the national statistics agency IBGE reported.

In September, prices had risen by 0.48 percent.

The sharp slowdown was largely driven by a drop in household electricity 
bills, while food prices remained stable, rising just 0.01 percent.

To keep inflation under control, the Central Bank has kept its benchmark 
interest rate at one of the highest levels in the world, 15 percent, since 
July.

Economists and financial institutions surveyed by the Central Bank's Focus 
report now expect inflation to end the year at around 4.55 percent.