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Airfares’ 56.8% hike in past 12 months postpones travel plans in Brazil

RIO DE JANEIRO, BRAZIL - Widespread inflation has weighed on the aviation sector. Over the past 12 months, airline tickets have increased by 56.81%, second only to 4 items, 3 of them in the food group, in addition to ethanol.

The difference is considerable if compared to the general 12-month accumulated inflation index, which stood at 10.25%, the highest since February 2016.

The data released by the Brazilian Institute of Geography and Statistics (IBGE) on Friday help confirm the sentiment of those in search of an affordable flight, but not finding prices that fit in their budgets. This . . .

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