MercoPress. South Atlantic News Agency
Brazil consumer prices in August increase for the twelfth month running
Brazil’s inflation accelerated for the 12th straight month in August to its fastest annual rate since 2005. Consumer prices, as measured by the IPCA index, rose 0.37% in August from the previous month, the national statistics agency reported on Tuesday. Prices rose 7.23% from a year ago, the highest since June 2005. Read full article
Comments
Disclaimer & comment rulesMy partner tells me it is getting to be as costly to shop here as it is in England.
Sep 06th, 2011 - 11:20 pm - Link - Report abuse 0Seems like the beautiful bubble of success is coming with a big price-tag. Still, there's always the new Credit economy that will see us all through ;-(
This year credit has slowed down by quite a bit vis-à-vis 2010. In fact, the whole economy has cooled down. It's clear that inflation is not entirely connected to domestic demand. That is, it has gone up, not only because of demand growth, mainly as a result of economic policies elsewhere, up North - for everytime the US adopts a loose monetary policy, food prices, as well as prices for other commodities, go up. This has been seen in previous decades as well. Brazil is not an economic island. The outlook for its economic performance will be affected by processes undergone by neighbors and greater powers. So don't too hasty in blaming prices on the fast growth during the last few years. Even if that was the reason, you wouldn't know it considering your dismal knowledge of basic economics.
Sep 06th, 2011 - 11:36 pm - Link - Report abuse 0Do you and your partner understand why there is inflation in Brazil and other so called emerging markets and who really is causing it?
Sep 07th, 2011 - 02:08 am - Link - Report abuse 0Do you and your partner understand why England is becoming slowly a shit hole? Oh no sorry, that's not possible there right, they are to sophisticated there to let that happen.
”The housing market is stuggling and prices keep going down while Brits see their spending power eroding by inflation (printing money from thin air, keep interest rates close to zero percent to keep speculators, aka banksters, happy at the cost of the savers and taxpayers)
http://www.bloomberg.com/news/2011-09-01/u-k-house-prices-decline-the-most-in-10-months-nationwide-says.html
Thanks for your comments F & FD,
Sep 07th, 2011 - 03:05 pm - Link - Report abuse 0my partner, in particular, understands (Brasilian) inflation and its drivers; a career in the national bank helps.
She has helped (for free) a few local people in the 'new middle class' *understand* their future with interest rates, cumulative debt, etc, and has helped them fight their way out of credit over-extension.
Brasil is just the latest nation to find that the best tool to get out of accumulating credit card problems is a pair of sharp scissors.
let's not forget, credit card use in Brazil is still low (for a good reason), far much lower than in those so called advanced nations (heavily indebt isn't that advanced after all, but that's how they like to compare themself..the ego is still high there) and access to credit is very still difficult, for a very good reason. The more people understand that, the better and create their own wealth another way..real production..not just on paper. Brazilian banks already know what a crisis is..they don't want to see it again happening and it's good that Brazil has public banks and important, the central bank isn't private like the ECB, Bank of England or the Federal Reserve: meaning, control the money supply, control it's destiny. One of the reason why the state of North Dakota is the only state in the union of the US that is succesful..and not because it only produce oil. When bogus free traders complain about public banks, you know you're doing something right what they just can't stand. They hate it.
Sep 07th, 2011 - 08:51 pm - Link - Report abuse 0Brazilian banks are better because of the oversight. They don't want to create the same joke as they did here in the US and what happened by time in Europe by copying the US...Free money (buy a house and use it as a cheap ATM, etc etc more of those tricks) That doesn't exist in Brazil and that's what the media in the so called west forgets or just act as it's happening in growing nations. Easy gain, easy pain = Free money and idiots in those so called advanced nations still do not get it or do not want to get it...Sadly..
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