LatinNews Daily - 21 April 2022

In brief: Inflation widely felt by Brazilians

* A survey carried out by research institute FSB Pesquisa on behalf of the Confederação Nacional da Indústria (CNI) business lobby found that 95% of Brazilians report having felt the impact of rising inflation in the last six months. Inflation reached an 18-year high in Brazil in March. According to the survey, 64% of Brazilians say they have cut down on spending in the last six months; 31% have cut down on red meat, 29% have cancelled TV streaming subscriptions, 24% have stopped eating out, and 15% have stopped buying fuel (while 16% have reduced their fuel consumption). “Faced with a scenario that is as difficult as it is undesirable, Brazil must adopt the correct measures to encourage economic growth, the creation of jobs, and the increase in the population’s income,” says CNI president, Robson Braga de Andrade.

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