Brazil's small-cap equities are poised for a valuation uplift after the mid-July IPCA-15 inflation reading came in significantly below market consensus, dramatically reinforcing expectations for an accelerated Selic rate cut at the Central Bank's August meeting. The official price index, a preview of the full monthly inflation rate, rose just $0.06\%$ in the period, falling short of the $0.20\%$ median forecast by analysts in a Reuters poll. This soft print led the 12-month accumulated inflation rate to drop to $4.52\%$ from $4.80\%$ a month earlier, moving it closer to the Central Bank's target band. The surprise provided immediate tailwinds for the B3 stock market today, with the benchmark Ibovespa index rising $1.28\%$ to $177,580.4$ on the news.