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

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  • 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.

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