Brazil' inflation hit a 13-year high in 2015, and double the government's target

Saturday, January 9th 2016 - 11:26 UTC

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Brazil's inflation rate hit a 13-year high in 2015, in what analysts called the result of years of economic mismanagement, worsened by a political crisis in Latin America's biggest economy. Annual inflation reached 10.67% in 2015, the government said Friday, the highest rate since 2002 and more than double the government's 4.5% target. Read full article

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“She cited economic uncertainty in China and severe drought in Brazil in explaining the slowdown in her own country, the world's seventh biggest economy.”

And yet we managed 2.5% growth with the exact same problems.

Thinking it might be more than that.... a LOT more!
Jan 09th, 2016 - 01:31 pm - Link - Report abuse 0
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yankeeboy
They'll never be able to control inflation until they strip out all the massive subsidies and stop giving free money to poor people so that they can pretend they're part of the middle class.

They're doomed.

The best part of this is there barely any Brazilian tourists around anymore.
Jan 09th, 2016 - 02:47 pm - Link - Report abuse 0
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Englander
No doubt Bras.....whatever his name, is will blame it all on foreigners.
Jan 09th, 2016 - 03:01 pm - Link - Report abuse 0
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ChrisR
The fact is that inflation is more than 2 & 1/3 times the government figure and there is no sign of sensible action being taken to correct it, just the reverse with Levy leaving.

How long before there are riots in the streets, well you know what I mean, MORE riots than the usual ones.

As usual, the so called 'poor' voted these crooks in, they will reap the whirlwind (apologies for the biblical reference).
Jan 10th, 2016 - 12:06 pm - Link - Report abuse 0
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yankeeboy
Don't forget the drought and the yoy 30% increase in forest fires and last but lot least the huge increase in birth defects from Zika virus from all the people's open water storage from the drought.
Jan 10th, 2016 - 01:55 pm - Link - Report abuse 0
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Don Alberto
This should make idiot child brasileiro happy - his country is speeding down the sewer so he can paddle around on his skateboard.
Jan 10th, 2016 - 02:38 pm - Link - Report abuse 0
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