The result is a decrease in the purchasing power of the poor, with an increase in hunger and poverty in Brazil, due to the economic devastation of Jair Bolsonaro and Paulo Guedes
247 – Over the past 12 months, the prices of the products most consumed by the poorest, food, have increased by around 20% and by around 40% since the start of the pandemic. Official inflation is just over 10%.
Meanwhile, unemployment rates are rising in the poorest part of the country. The data revealed in a report Folha de SÃ£o Paulo We note that during the pandemic unemployment increased by 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 food increased by 20%, real per capita household income from work in the poorest half decreased by 18%, from R $ 210 per month to 172 R $.
According to FGV Social, as 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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