Brazil consumer prices rise 0.32% in mid-October

Key facts

• Brazil's consumer price index rose 0.32% in mid-October.
• The 12-month inflation rate through mid-October was 4.62%.
• The mid-October monthly rise was below the expected 0.43%.

Brazil's consumer price index rose 0.32% in the month to mid-October, a slowdown from the 0.70% increase seen in the previous month, according to data released by the government statistics agency IBGE on Friday. The monthly increase was lower than the 0.43% median forecast in a Reuters poll. In the 12 months through mid-October, consumer prices increased by 4.62%, up from 4.47% in the prior month but below the 4.73% expected by economists.