Brazil's six-month inflation at 6.17%, highest for half year since 2003

Thursday, July 9th 2015 - 06:46 UTC

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Brazil's inflation was little changed at 0.79% in June, rising to 8.89% over the last 12, reported the Brazilian Institute of Geography and Statistics, IBGE, on Wednesday. May's rate was 0.74%. Main price rises accounting for a third of June's inflation included 29.19% for plane tickets, 4.95% in water taxes and gambling rates, officials said. Read full article

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ChrisR
I bet levy is regretting the day he told DumbAss he would take this job.

Still, it's better than their 'brothers in The Dar Country way down south.

40%, who'll give me 50%? It seems the argies have their economy upside down, still, they 'worked' for it so they had better enjoy it.
Jul 09th, 2015 - 11:26 am - Link - Report abuse 0
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Garrett Connelly
Yes, this situation is also called “stagflation.” The same friction from the loss of a free lunch faces all corporatistas.

Distributed intelligence of the human spirit is being very patient.
Jul 09th, 2015 - 10:20 pm - Link - Report abuse 0
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Jack Bauer
@1 ChrisR
Agree, Levy is sitting on a time-bomb. The PMDB, Dilma's main ally in Congress, has seen the writing on the wall and has decided to distance itself politically from fat D, and in the bargain, unfortunately for Brazil, making life more difficult for Levy. Instead of cutting government expenses, Dilma decided to cut essential investements (mainly in education and public health) in order to reach her proposed primary superavit for 2015 (approx. R$ 70 billion). The payroll for her 39 Ministries - the number of which she is loath to reduce - cost the taxpayer R$ 400 billion per year, and half of that , R$ 200 billion is the salary mass paid to 113,000 commissioned jobs, all appointed by her and the PT , to serve in the Federal Government.........all she would need to do to reach R$ 100 billion in savings is to cut that by half, but she won't do that, because it would mean defunding the PT (to the order of R$ 10 billion per year), which receives 'spontaneous' donations equal to 10% (of the salaries) of these commissioned employess...So she deserves all the shit she is getting.
Jul 12th, 2015 - 07:50 pm - Link - Report abuse 0
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