Country was only behind Argentina, Türkiye, Russia and India, according to data from the Austin Rating risk classification agency
Brazil had the 5th largest food inflation among G20 countries – which brings together the 19 largest economies in the world – in 2024. 7,69% last year, according to data from (Brazilian Institute of Geography and Statistics).
In the annual variation, the country did only better than Argentina (94.7%), Turkey (43.6%), Russia (11.1%) and India (8.4%). The data are survey by the risk classification agency exclusively for the Poder360.
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Some countries like Japan (6.4%) and Mexico (4.4%) performed better as to the variation in prices of goods and services.
Also read:
- Brazil has the 4th largest food inflation in Latin America
Influence on Full Inflation
In 2024, full inflation – which includes other items -. The country also in 5th by considering this criterion among G20 countries.
When considering home feeding inflation, the Brazilian rate last year was 8.23%.
Alex Agostini cites the weight of the discharge of foods on full inflation. Here are some points:
- GLOBAL MOVEMENT – “Most countries showed that food inflation was relevant in all. […] In general, food inflation was or above or above the inflation of the year ”;
- Climate Question – “It was one of the problems we saw in Brazil in the past. It is worth remembering what happened in Rio Grande do Sul and the drought in some producing regions. This happens worldwide. The phenomenon El Niño. This year we are going through the La Niña phenomenon, which is very hot. So, we will have vegetables, fruits suffering a little at the beginning of the year ”.
The economist says there is difficulties in controlling product prices in nature and mentions the chance of repetition of drought linked problems in 2025. “We can control prices, perhaps control, which I say, through some measures of semi -elaborate, industrialized, but fresh products will be very difficult because of the climate issue.”it says.
Agostini also cites the threat of US President Donald Trump in taxing Brazilian products. “Now with the issue of import tariffs that Trump has been wanting to apply, it will be even harder”declares.
Lula demonstrates concern
On Sunday (26.jan.2025), the President (PT) that the high dollar and the heated economy contribute to the price of food. The petista signaled that he will talk to producers and traders about the subject.
“When there is an increase in demand, that is, when people can buy more, in fact, salespeople increase prices,” declared.
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Fall in Popularity
Inflation affects, above all, the poorest and their perception of the government. The impact of food price in this layer worries the Plateau at a time when there is a considerable drop in Lula’s popularity.
GENIAL RESEARCH/QUEST that the disapproval of Lula’s work was 49%, surpassing the percentage of approval (47%). At the same time, the government tries to find a solution to the problem.
Some measures to be avoided on the Internet – an example is the suggestion of Minister Rui Costa (Civil House) of by another fruit.
