IPEA: 2020 Inflation 6.22% for Poorest Brazilian Families vs. 2.74 for Wealthiest Families

In the year-to-date, while lower income families' inflation rose 6.22%, the high income segment registered a lower rate: 2.74%, says IPEA.

RIO DE JANEIRO, BRAZIL - The Institute of Applied Economic Research (IPEA) says that the inflation rate for families with the lowest monthly income - less than R$1,650.50 (US$311) - stood at 1.58% in December 2020.

In the bracket representing higher income families (with household income over R$16,509.66), the variation was 1.05%, with a difference of 0.53 percentage points between the two groups.

In the year-to-date, while lower income families' inflation rose 6.22%, the high income segment registered a lower rate: 2.74%.

The data are included in the IPEA . . .

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