These numbers generate significant concern in the President’s government Jair Bolsonaro because last year closed with an inflation of 10.06%, the maximum percentage in six years.
In turn, the number that was known in mid-January It provoked harsh criticism as it was far from 5.25%, the official goal.
In the last month of the 2021 period, the economy managed to reduce the rate of price increases by registering 0.73% compared to the previous month, when 0.95% was reported.
Transportation in Brazil was the main responsible for the index, with annual increases of 21.03%, something that was caused by the rise in the value of fuel, 49.02% throughout the year.
While housing prices represented an increase of 13.05% and the value of electricity closed at 21.21%, two categories that are related to each other.
In mid-December, Bolsonaro spoke at the Mercosur State leadership and referred to the negative numbers that the economy was experiencing in its prices, although the latter had not yet been revealed.
“Inflationary pressures resurface as a result of international restrictions and internal restrictive measures due to the pandemic and the shortage of supply in the world economy”, attributed the maximum president.
And he added: “Fighting inflation is a task that involves several economic policy tools and that must be accomplished quickly. We need to protect consumption capacity, especially in the lowest-income sectors, the most affected by the pandemic.”
Source: Ambito
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