President Jair Bolsonaro said Tuesday (2) in an interview with SBT News that deflation in the country will be the biggest since the Plano Real*.
According to Bolsonaro, Brazilians will feel a reduction in electricity bills as early as this month.
Although the president did not specify which index he referred to when he spoke of deflation, the negative index should be verified only in administered prices.
This will be the first annual deflation seen in managed items since the Plano Real due to fiscal measures' impact on reducingSubscribe to our Premium Membership Plan. Already Subscribed? Login Here