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Brazilian industry costs rise 10.7% in 2022 – CNI report

By Victor Moraes

Industry costs in Brazil registered a 10.7% increase in 2022, compared to the previous year, according to the National Confederation of Industry (CNI).

According to business people, the increase was related to three major factors: production costs, capital, and taxes.

The production costs are linked to the heating up of the labor market increase in the average income of workers and occupations, indicates economist Paula Verlangeiro.

"This contributed to the rise in salaries and personnel costs."

"Besides this, we had the increase in commodity prices and the disarrangement of the global input chains, which caused the . . .

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