LatinNews Daily - 08 September 2020

* The Instituto Brasileiro de Economia (Ibre) at Brazil’s Fundação Getulio Vargas (FGV) university has released its latest figures on inflation for low-income families, which show that this measure (the IPC-C1) reached 0.55% in August, up from 0.50% in July. This brings inflation amongst low-income families in the 12 months to August up to 3.08%, above the preliminary figure for national inflation (IPC-Br), which stands at 2.77%. The Brazilian association of supermarkets (Abras) has recently noted its concern with the significant increase in prices of basic goods such as rice, beans, and milk. Abras says this is due to pressure from suppliers, and reflects a policy incentivising exports, as well as falling imports due to the strong US dollar, and increased domestic demand as a result of the 'emergency basic income' subsidy, which has reached around a third of the Brazilian population.

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