• 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 😮 and sucking the big real white c-ck of Uncle Sam 😛 . 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. 😀

  • 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

In Brazil 85% of Internet Users Do Social Networking. Google’s Orkut Is King

Marketing research company comScore with headquarters in Reston, Virginia, a leader in measuring the ...

Brazil’s Politicians Start Looking Ahead to Next Year

Does it matter that the third most important post under the Brazilian Constitution, the ...

A Killer Isn’t a Murderer

My friend Ary, a reporter famous for good scoops (furos) was Killer Ary—no offense ...

For 50 Years Brazil Has Been at the Forefront of Heart Treatment

Heart surgery in Brazil, especially since the 1950’s, has always adopted techniques similar to ...

Brazil’s Ronaldinho Becomes UN Ambassador Against Hunger and Poverty

Brazilian soccer star Ronaldinho, one of the world’s best known sports figures, agreed to ...

JetBlue Founder, a Brazilian, Starts Brazil Airline

Brazilian aircraft maker Embraer, has signed an agreement to sell 36 Embraer 195 jets ...

Brazilian President in Uruguay in Effort to Strengthen Mercosur

Brazilian president Dilma Rousseff went this Monday, May 30, to Montevideo, capital of Uruguay, ...

In Brazil the Arabs Are In and All Seem to Be Cashing In

The growth of exports from Brazil to the Arab countries may exceed 20% this ...

Among 11 Candidates, Dilma Has 38% of Votes for Brazilian Presidency

A poll conducted by Brazil’s Public Opinion and Statistics Institute (IBOPE) shows that candidate ...

Brazilian Chicken Exports to Middle East Grow 69% to Close to US$ 1 Billion

According to figures disclosed July 14 by the Brazilian Poultry Exporters Association (Abef), the ...