Overview
- An advance estimate from the National Statistics Institute puts headline CPI at 3.0%, down a tenth from October and matching September.
- Lower electricity prices drove the decline, offsetting increases in food and non-alcoholic beverages.
- Core inflation rose to 2.6%, the highest since December 2024, signaling more persistent pressures beyond energy.
- The Economy Ministry reports a pricier grocery basket, with eggs and coffee climbing as avian flu prompted the culling of over two million birds.
- The outcome exceeds many earlier projections for year-end, and Funcas warns that inflation pressures have become more generalized.