Brazil IGP-10 inflation index jumps 1.76% in October, above 1.44% forecast

Brazil's IGP-10 general price index rose 1.76% in October, exceeding the 1.44% consensus from Reuters economists. The beat signals stronger-than-expected wholesale and construction cost pressures, which may feed into consumer inflation and influence the central bank's rate path. The deviation from forecast is notable and suggests upside inflation risk in Brazil.