Brazilian households saw a 2.89% increase in consumption in October compared to the previous month, as reported by the Brazilian Association of Supermarkets (Abras). This growth also shows a 0.61% rise from October of the previous year, accumulating a 2.64% increase for the year. The data encompasses various retail formats, including cash and carry, conventional […]
Related Posts
São Paulo Outpaces National Average with Bold Minimum Wage Increase
On May 23, Governor Tarcísio de Freitas of São Paulo approved an increase in the state’s minimum wage to R$ 1,640 (about $320). Announced the next day, this raise targets a significant uplift in living standards in Brazil’s wealthiest state. Since its establishment in 2007, São Paulo’s minimum wage has consistently exceeded the national standard. […]
Friday’s Morning Call: Focus on Brazil’s Inflation Data
This Friday, May 10, the release of Brazil’s official April inflation figures, the IPCA, takes center stage. These are not mere numbers; they are critical indicators poised to influence the nation’s monetary policy in upcoming months. Following closely after a divisive Monetary Policy Committee (COPOM) session this past Wednesday, the timing of this data release […]