• Categories
  • Archives

Prices in Brazil Rise 93%. Those Controlled by Government Go Up 340%

A just-released study by Brazil’s Secretariat of Economic Oversight at the Ministry of Finance – Secretaria de Acompanhamento Econômico (Seae) do Ministério da Fazenda – shows clearly that over the last ten years the prices that have risen most in Brazil were prices controlled by the government: electricity, telephone, transportation, basic sanitation, gasoline and health plans.

And the difference between the increase in government-controlled prices and prices in the private sector was not small. Government-controlled prices rose 340%, other prices were up only 93% .

Between May 1995 and November 2005, prices in economic segments controlled by the government (such as telephones, energy and gasoline) rose almost four times as much as prices in the private sector. How did this happen?

Marcelo Saintive, the deputy head of the Secretariat of Economic Oversight at the Ministry of Finance explains that the causes were: privatizations which required price adjustments to be viable (that is, attractive to investors), the devaluation of Brazilian currency in 1999 (it slumped over 30% against the dollar) and higher petroleum prices.

Saintive says that those shocks have now be absorbed by the Brazilian economy and that the tendency is for government-controlled prices to rise less in the future.

ABr

Tags:

  • Show Comments (3)

  • Guest

    Man you people have issues !!!!

    Yes the government sucks, but pick on them as individuals and keep white or black or uncle sam type comments out of it.

    Prejudice trailer trash comments like yours are useless and therefore not required.

  • Guest

    Brazil Is a Toilet!
    A 500 year old backed up sh-tbowl that has been run by retarded dumb ass white people who dont know how to find their fat ass in broad daylight with three hands.

    Keep on opening wide your mouths ๐Ÿ˜ฎ and sucking the big real white c-ck of Uncle Sam ๐Ÿ˜› . Maybe you can learn how to pull your Turd World Country out of sh-tbowl crapper otherwise practice tightening up your backstroke and continuing to swim through the liquid sh-t that is Brazil. ๐Ÿ˜€

  • Guest

    and then brazilians wonder……
    …why they are overall a poor country with so much injustice

    In this world no country has ever became developed when the economy is government controlled.

    It is well known that in every country, rich or poor, politicians have always been the worst managers.

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil’s Trade Surplus Falls in Half to US$ 2.5 Billion

According to Brazil's Ministry of Development, Industry and Foreign Trade. exports from Brazil reached ...

Brazil Wants to Know if Facebook and Google Are Involved in Spying the Country

The Brazilian government started an inquiry into whether telecommunications companies operating in Brazil cooperated ...

Brazil to let dollar rise in face of real

Brazil Ready to Let Dollar Climb and Interests Fall

Brazil has named a strong critic of the country's Central Bank strict (and controversial) ...

Brazil’s Message to Obama: It Wishes to Be Treated as an Equal

Antonio Patriota, Brazil’s Foreign minister, says that the visit by the American president Barack ...

RAPIDINHAS

Is the US in the process of becoming a fascist nation with the blessings ...

Brazil Approves Release of Monsanto’s Transgenic Corn Under Protests

Brazil's National Biosafety Technical Committee (CTNBio) approved this Thursday, August 16, the commercial release ...

The Man Who Knew Too Much

"I committed the only sin that politics does not forgive: to tell the truth ...

Brazil’s Daniela Mercury and NY’s Orchard Seal It with a Song Deal

The Orchard, a company specialized in distributing and marketing independent music, announced that it ...

A Brazilian company in Diadema, Sรฃo Paulo state

Experts Say Brazil Won’t Grow More than 4.1% This Year

Brazilian financial institutions heard for the Focus Bulletin research, made by Brazil's Central Bank, ...

The Poet and the Moon

Ugly and diminutive, Catullo da Paixรฃo Cearense was a giant of Brazilian music during ...