Part 1/8:
Inflation Crisis in Brazil: A Deepening Problem
The discussion surrounding inflation in Brazil has taken a pivotal turn, with the latest Consumer Price Index (CPI), or IPCA, reflecting alarming numbers. In February, inflation surged to 1.31%, marking the highest rate for the month in 22 years—a level last seen during President Lula's tenure in 2003. This inflation spike has raised concerns that Brazil is regressing economically, as evidenced by a follow-up CPI figure of 1.22% in the first week of March.