Mantega confident that this year the 'the villain factor' in inflation is contained

Friday, April 25th 2014 - 05:41 UTC

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Ever-optimistic Brazilian Finance Minister Guido Mantega said a recent rise in consumer prices was expected, ('there's always a villain factor pushing inflation')' anticipating that in May/June the index will be lower. Mantega also denied local news reports that the government was seeking a change in the index methodology as a way to eliminate the impact of volatile food prices. Read full article

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This guy is a disgrace, they are holding down heaps of costs artificially, one of which is gasoline and then he goes on to apparently say that ethanol prices will get cheaper soon, not before that industry collapses first.
Apr 25th, 2014 - 06:39 am - Link - Report abuse 0
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ChrisR
“ “We are having a period of higher inflation that was foreseen. It happens every year,” he said.”

Happens every year, then it’s hardly a surprise is it?

So how can he be “confident that this year the villain of inflation is contained” when he has failed miserably for previous years?

This character is a lying moron who thinks he can control Mr. Market (ha, ha, ha) and I cannot understand why Dilma doesn’t boot him out. It is certainly time that he went.

If this twat wants to see the villain he only needs to look in a mirror.
Apr 25th, 2014 - 11:29 am - Link - Report abuse 0
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Jack Bauer
Typical....if you don't like index, change the components and their weights, and come to any result you want. Mantega is an idiot, and his boss isn't any better. As for the 'villain factor', we all know what it is - the incompetent PT- backed Federal Government, with their excessive spending and stealing.
Apr 25th, 2014 - 04:00 pm - Link - Report abuse 0
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