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High airfare and energy prices raise cost of living in Brazil’s Greater São Paulo – FecomercioSP

RIO DE JANEIRO, BRAZIL - The Cost of Living per Social Class (CVCS) in the São Paulo metropolitan region increased 1.06% in July, according to the Federation of Commerce of Goods, Services and Tourism of the State of São Paulo's (FecomercioSP) indicator.

The percentage is the highest variation for the month since 2011, when the survey began.

The increase was driven by the transportation group, mainly by the price of airline fares, which rose 42.67%. In the housing group, electricity increased 12.45% in July, accumulating 26.25% in 12 months.

According to FecomercioSP, the increase . . .

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