Geopolitics Alpha

Brazil Inflation Rate Slows in October

Published . Updated .

Key takeaways

  • Brazil’s consumer prices, as measured by the IPC-Fipe, rose 0.44% month-over-month in October 2026, slowing from 0.51% in September.Housing costs edged up just 0.05%, compared with a 0.98% jump in the previous month, while transport prices fell 0.05%, after a 0.30% rise.Health
  • Exposed: EWZ, EMB, EMLC, EEM, PBR
  • Market reaction: price tracking starts with the next trading session.

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Brazil Inflation Rate Slows in October

Brazil’s consumer prices, as measured by the IPC-Fipe, rose 0.44% month-over-month in October 2026, slowing from 0.51% in September.Housing costs edged up just 0.05%, compared with a 0.98% jump in the previous month, while transport prices fell 0.05%, after a 0.30% rise.Health

Directly affected

  • No company is named in this report.

Indirectly affected

  • XRT SPDR S&P Retail ETF

    SPDR S&P Retail ETF: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.

  • XLY Consumer Discretionary Select Sector SPDR+5.7% 30d

    Consumer Discretionary Select Sector SPDR: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.

  • EWZ iShares MSCI Brazil ETF-15.1% 30d

    iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”).

  • EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-1.9% 9d

    iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Brazil

  • EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d

    VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Brazil.

  • EEM iShares MSCI Emerging Markets ETF+0.0% 30d

    iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Brazil

  • WMT Walmart+12.9% 30d

    Walmart (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.

  • AMZN Amazon.com+0.5% 30d

    Amazon.com (catalog and mail-order houses): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XRT-2.30%-0.06%baseafter closeafter closeafter closeafter close
XLY-1.73%-1.67%baseafter closeafter closeafter closeafter close
EWZ+6.02%+2.28%baseafter closeafter closeafter closeafter close
EMB+0.26%+0.57%baseafter closeafter closeafter closeafter close
EMLC+0.63%+0.43%baseafter closeafter closeafter closeafter close
EEM+3.96%-0.13%baseafter closeafter closeafter closeafter close
WMT-4.79%-1.04%baseafter closeafter closeafter closeafter close
AMZN+1.58%-4.14%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Brazil Inflation Rate Slows in October TradingView

Source: TradingView

The price since 4 Nov 2026: Ishares Msci Brazil Etf (EWZ) versus the S&P 500

CompanyWhenMoveStatus
AMZNthree days earlier-4.14%final price
AMZNfive days earlier+1.58%final price
Ishares Tr (EEM)three days earlier-0.13%final price
Ishares Tr (EEM)five days earlier+3.96%final price
Ishares Tr (EMB)three days earlier+0.57%final price
Ishares Tr (EMB)five days earlier+0.26%final price
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)three days earlier+0.43%final price
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)five days earlier+0.63%final price
Ishares Msci Brazil Etf (EWZ)three days earlier+2.28%final price
Ishares Msci Brazil Etf (EWZ)five days earlier+6.02%final price
WMTthree days earlier-1.04%final price
WMTfive days earlier-4.79%final price
XLYthree days earlier-1.67%final price
XLYfive days earlier-1.73%final price
XRTthree days earlier-0.06%final price
XRTfive days earlier-2.30%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who is named in “Brazil Inflation Rate Slows in October”

Companies mentioned with this story

  • EWZ Ishares Msci Brazil Etf

    In “Brazil Inflation Rate Slows in October,” Ishares Msci Brazil Etf (EWZ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”)

  • EMB Ishares Tr

    In “Brazil Inflation Rate Slows in October,” Ishares Tr (EMB) is linked, with no stored direction, medium confidence. Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Brazil

  • EMLC Vaneck J. P. Morgan Em Local Currency Bond Etf

    For “Brazil Inflation Rate Slows in October,” Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence. Reason on file: VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Brazil

  • EEM Ishares Tr

    Ishares Tr (EEM) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Brazil Inflation Rate Slows in October.” Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Brazil

  • PBR Petrobras - Petroleo Brasileiro

    Petrobras - Petroleo Brasileiro (PBR) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Brazil Inflation Rate Slows in October.” Reason on file: Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares

  • ITUB Itau Unibanco Holding S.A

    Itau Unibanco Holding S.A (ITUB) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Brazil Inflation Rate Slows in October.” Reason on file: Itaú Unibanco Holding S.A (state commercial banks) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares

  • NU Nu Holdings

    For “Brazil Inflation Rate Slows in October,” Nu Holdings (NU) is linked, with no stored direction, medium confidence. Reason on file: Nu Holdings (finance services) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares

  • VALE Vale S.A

    For “Brazil Inflation Rate Slows in October,” Vale S.A (VALE) is linked, with no stored direction, medium confidence. Reason on file: Vale S.A (metal mining) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares

How “Brazil Inflation Rate Slows in October” reaches Ishares Msci Brazil Etf (EWZ)

“Brazil Inflation Rate Slows in October” (4 Nov 2026) reaches Ishares Msci Brazil Etf (EWZ) through this story.

What ties Ishares Msci Brazil Etf (EWZ) to the headline is this: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”)

Also listed, Ishares Tr (EMB): iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Brazil

Price levels for Ishares Msci Brazil Etf (EWZ)

EMB traded between 90.23 and 91.35 across 6 sessions. The latest close on file is 91.26. EMLC traded between 24.50 and 25.02 across 20 sessions. The latest close on file is 24.56. EWZ traded between 31.40 and 43.77 across 20 sessions. The latest close on file is 31.74.

A simple score for Ishares Msci Brazil Etf (EWZ)

46 out of 100

“Brazil Inflation Rate Slows in October” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.