RIO DE JANEIRO, BRAZIL - In the domestic agenda, the highlight will be the Extended Consumer Price Index (IPCA) for September, on Friday, October 8, expected to exceed 10% in 12 months, according to Bradesco and Itaú projections.
"After the Central Bank has shown renewed concern with short-term inflationary pressures, the IBGE's release of consumer price data will provide valuable information to assess the persistence of recent shocks," Bradesco points out.
The reading will likely be pressured by administered prices, notably electricity rates (impacted by a more expensive tariff flag) and gasoline. Itaú projects considerable increases in industrial items . . .