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Inflation in Brazil increases for all income groups in December, says IPEA

Inflation in Brazil registered a generalized high for all income groups in December last year, says the Institute for Applied Economic Research (IPEA).

For the second year in a row, prices in Brazil were above the ceiling set by the federal government.

However, there was a diffuse deceleration throughout the year in relation to 2021. Last month, IPEA pointed out that prices rose 0.62%, but families with a monthly income of up to R$900 felt inflation rise above this average, 0.71%.

Richer families also suffered from higher prices. For them, prices were 0.29% in November and . . .

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