Brazil’s Central Bank suggests subsidizing food and energy against inflation

Inflation in Brazil reached 12.75% year-on-year in May due to constant increases in fuel and food prices, which the government has not been able to contain despite several tax cuts and other measures.

RIO DE JANEIRO, BRAZIL - The president of Brazil's Central Bank, Roberto Campos Neto, suggested Wednesday, June 1, that the government adopt a policy of subsidizing food and energy to contain the country's high inflation, close to 13% year-on-year.

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