The result is a decrease in the purchasing power of the poor, with increased hunger and poverty in Brazil, due to the economic devastation of Jair Bolsonaro and Paulo Guedes
247 – In the past 12 months, prices for the products most consumed by the poorest people, food, have risen by about 20% and about 40% since the beginning of the pandemic. Official inflation is just above 10%.
Meanwhile, unemployment rates are rising in the poorest part of the country. The data revealed in a report from Folha de Sao Paulo We note that during the pandemic unemployment rose 8.5 percentage points for the poorest part of the population.
Together, these two factors – rising food prices and unemployment – lead to a sharp decline in the purchasing power of the poorest, while increasing hunger and poverty in Brazil.
In the past 12 months, during which time foodstuffs increased by 20%, real per capita household income from work in the poorest half fell by 18%, from R$210 per month to R$172.
According to the FGV Social, cited by Folha, 27.4 million Brazilians (13% of the population) now live on less than R$261 per month – the highest rate of miserable people in a decade.
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