Brazil’s 10% inflation is eroding incomes and the president’s popularity
But not all the surge in prices can be blamed on Jair Bolsonaro
BRAZILIANS ARE no strangers to inflation. In the mid-1980s people crowded around supermarket gates and, as soon as they opened, raced in to buy as much as they could carry. With inflation running on average at 300% that decade, it paid to be early. If an unlucky customer missed the morning rush, they would end up paying higher prices in the afternoon.
This article appeared in the The Americas section of the print edition under the headline “The price of high prices”
From the February 26th 2022 edition
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