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IGP Inflation Falls, Presidential Election Debate

BRAZIL
  • The IGP monthly inflation report came in below expectations. For reference, the gauge monitors prices from the 21st day of the previous month to the 20th of current month and is composed of producer prices (60% weight), consumer prices (30% weight) and construction costs (10% weight).
    • Brazil Oct. IGP-M Inflation Falls 0.97% M/m, Est. -0.83% (BBG)
    • Brazil Oct. IGP-M Inflation At 6.52% Y/y, Est. 6.66% (BBG)
  • Former President Luiz Inacio Lula da Silva and incumbent Jair Bolsonaro attend televised debate that marks their final face off before Sunday’s election. Globo TV to hold the debate at 9:30pm.
    • Yesterday, Lula slightly widened his lead over incumbent Jair Bolsonaro, according to a Datafolha poll.

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