RIO DE JANEIRO, BRAZIL - The increase in inflation, mainly driven by the rise in food, electricity, gas, and fuel prices, has led families in the city of São Paulo to get increasingly indebted.
In July, the percentage with some debt reached 66.1%, compared to 64.6% in June, reaching a new historical record of 2.63 million indebted families, according to data from the Consumer Debt and Delinquency Survey (Peic) of the Federation of Commerce of Goods, Services, and Tourism of the State of São Paulo (FecomercioSP).
According to the survey, in just one month, more than . . .
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