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
Discover stories from this section and more in the list of contents
Explore the editionMore from The Americas
Can Brazil’s left survive without Luiz Inácio Lula da Silva?
Brazil’s current president, a titan of the Latin American left, has no apparent heirs
Donald Trump is targeting Mexico like no other country
The United States’ southern neighbour is bracing for a wave of deportees and trapped migrants
The race to lead Canada’s Liberal Party hinges on handling Trump
Mark Carney and Chrystia Freeland are the front-runners
Canada has adopted assisted dying faster than anywhere on Earth
The province of Quebec now allows those with deteriorating illnesses to request an assisted death in advance
Tether’s move to El Salvador is a win for President Nayib Bukele
Why the stablecoin firm has picked the Central American country for its headquarters
From Greenland to Panama and Mexico, leaders are in shock
As Donald Trump eyes fine new pieces of real estate in the Americas and beyond