Wednesday, October 8, 2014

Brazil's consumer inflation in September reached its highest annual rate in almost three years. The consumer price index accelerated to its fastest monthly rate since April last month. That pushed its accumulated inflation over the past year to 6.75% the highest since October 2011. A normal rate for inflation is about 2%. With an election coming up this month its up to voters to decide if they want change. When prices rise and economic growth is stagnant inflation is bound to go up. The government failed on the economy and will leave a legacy of out of control inflation, low growth and a loss of credibility. I think that Brazil needs to elect a new president who will actually take care of the economy and try and increase economic growth. The presidents campaign promised better salaries, lower unemployment and higher living standards, but with high inflation none of those are possible. Brazil needs to focus on producing more and increasing the strength  of the economy which will in turn lower inflation. Inflation is not  the most important political issue for Brazil but if left alone it will become a big problem.









http://online.wsj.com/articles/brazil-inflation-at-highest-rate-in-almost-three-years-1412779231

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