Brazil’s annual inflation rate has surpassed the government’s target ceiling, fueling voter frustration ahead of the presidential runoff scheduled for Sunday. Voters will choose between incumbent Luiz Inácio Lula da Silva and Senator Flávio Bolsonaro in a closely contested race in which economic concerns could play a pivotal role. In the state of Amapá, where Flávio Bolsonaro is seeking more votes, markets now put his probability of winning at 65%, down from 70% a day earlier. Voter turnout, new polling data and the candidates’ economic messages are expected to be decisive factors in the final outcome.
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