RIO DE JANEIRO, BRAZIL - High inflation is still a challenge for the budget of many Brazilian households. According to data released December 10, by the Brazilian Institute of Geography and Statistics (IBGE), official inflation has reached 10.74% in the past 12 months. The main villain is gasoline, which accumulates a rise of over 50% in 12 months.
But despite everything costing a little more, a survey conducted by the Getulio Vargas Foundation's Brazilian Institute of Economics (FGV IBRE), showed that the price of some of the main items for Christmas dinner and on Brazilians' gift list indeed increased . . .
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