By Artur Piva
Amidst the economic difficulties faced throughout the pandemic, Brazil has achieved results above the world average.
A look at the increase in the cost of living in the G20 countries shows, for example, that Brazilian inflation evolves less aggressively.
Revista Oeste surveyed data from the Organization for Economic Cooperation and Development (OECD) to show the performance of Brazilian inflation within the G20.
In March, the most current information, the rise in prices in the country was 4.5%, compared to 12 months earlier.
The number is better than nations like the United States (5%) and Germany (7.8%), considered developed countries.
The result gains even more prominence when compared with less resilient nations.
In Argentina, a neighboring country, inflation from March to 12 months was 104%. The figure represents about 20 times more than that of Brazil.
The OECD history also shows that this good performance is the result of the economic policies of the past government, led by former minister Paulo Guedes.
Guedes’ decisions followed the same management model that Roberto Campos Neto, president of the Central Bank, adopted.
As a result, in September 2022, before Lula returned to power, Brazilian inflation was already lower than that of Germany and the United States.
With information from Revista Oeste
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