EMERGING MARKETS-Brazil's real dips on inflation woes, Chile's peso supported by copper - NewsBreak

* Brazilian inflation jumps to 1.60% in October * Chilean copper exports surge in Oct * Lender Itau Unibanco receives approval to buy stake in XP Inc (Adds details, updates prices) By Shashank Nayar and Ambar Warrick Nov 8 (Reuters) - Brazil's real dropped on Monday as investors feared that rising inflation will dampen the pace of economic recovery, while Chile's peso led gains in Latin America on strong copper export data. The Brazilian real fell about 0.5% after data showed inflation as measured by the IGP-DI price index rose 1.60% in October, compared with a 0.55% gain in September. The figure adds to growing concerns over higher prices in the country, which has seen the central bank hike interest rates by an aggressive 575 basis points this year, with more to come. Analysts warn this could choke economic growth. "These figures imply lower inflationary pressures coming from food components in the very short term, but higher pressures coming from oil-related prices and in the medium