IBOV 185,205.09 ▲ 3.05% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,838.57 ▲ 0.50% MERVAL 3,093,014 ▲ 1.43% COLCAP 2,488.06 ▲ 0.72% BVL PERÚ 59,515.48 ▲ 0.10% USD/BRL5.09▼ 1.26% USD/MXN16.96▼ 0.20% USD/CLP936.77▼ 0.06% USD/COP3,152▼ 1.75% USD/PEN3.36— 0.00% USD/ARS1,511▼ 0.15% USD/UYU40.24▲ 1.21% USD/PYG5,885▲ 1.38% USD/BOB12.20▲ 4.46% USD/DOP58.55▲ 0.49% USD/CRC445.58▲ 1.89% USD/GTQ7.63▲ 2.07% USD/HNL26.83▲ 1.45% USD/NIO36.62▲ 0.20% USD/VES799.17▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.66▲ 0.93% EUR/BRL5.90▼ 1.92% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,205.09 ▲ 3.05% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,838.57 ▲ 0.50% MERVAL 3,093,014 ▲ 1.43% COLCAP 2,488.06 ▲ 0.72% BVL PERÚ 59,515.48 ▲ 0.10% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Wednesday, September 2, 2026

Brazil Brazil elections 2022

Lula da Silva announces wage increases above inflation if he becomes president of Brazil again

By · August 21, 2022 · 2 min read

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Former president (2003-2010) and Brazilian presidential candidate Luiz Inacio Lula da Silva announced yesterday, Saturday, that if he is elected, his government will pursue a policy of wage increases above inflation and will work to meet workers’ demands.

“People will have better paying jobs again. The minimum wage will be above the inflation rate every year, which we will do,” Lula said at a rally in the center of São Paulo, the country’s largest city and the largest in the southern hemisphere.

Luiz Inacio Lula da Silva. (Photo internet reproduction)
Luiz Inacio Lula da Silva. (Photo internet reproduction)
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The leader of the Workers’ Party (PT, left) is the favorite in the polls to win the presidential election next October, leading by between 15 and nine points over Brazilian President Jair Bolsonaro, who is running for re-election as the conservative candidate of the Liberal Party (PL, right).

Lula da Silva argued that his government if elected, “will take care of the people like a mother takes care of her children,” giving as an example that the priority is working people and not the wealthiest part of the population.

“People want to eat first-class products, buy first-class products. The government should not care about the rich and the bankers, but the working people,” he said.

He reiterated that if elected, one of his first actions would be to adjust the income tax scale for employees.

“The one who pays taxes every month is the one who receives a salary from which taxes are deducted,” Lula de Silva said at an event also attended by vice presidential candidate Geraldo Alckmin, Sao Paulo state gubernatorial candidate Fernando Haddad and former Brazilian President Dilma Rousseff (2011-2016).

The former trade unionist also announced that Brazil would once again pursue a “haughty and active” foreign policy in the event of his third electoral victory.

In this context, he stressed that “priority must be given to relations with Africa and South America.”

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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