Brazil’s annual inflation rose to 4.63% in October from 4.58% in September, below market expectations of an increase to 4.74%, marking a second consecutive monthly increase and the highest rate in four months. The acceleration was driven by higher price growth in food and beverages, which increased to 5.73% from 4.66% in September. Inflation also accelerated for household articles (2.88% vs. 2.08%) and communication (3.68% vs. 2.79%), while inflation for education edged up slightly to 5.96% from 5.95%. In contrast, inflation slowed for transport to 3.2% from 3.94% as fuel inflation softened to 4.3% from 4.97%. Price growth also slowed for housing (4.01% vs 4.22%), clothing (3.21% vs 3.34%), health and personal care (5.42% vs 5.75%) and personal expenses (5.8% vs 5.9%). From the previous month, consumer prices rose 0.14% following a 0.82% rise in September, also below market expectations. As of October, inflation reached 4.1%.