RIO DE JANEIRO, BRAZIL - Despite the second consecutive month of deflation, according to the National Broad Consumer Price Index (IPCA), the hike in food prices - up 0.24 percent in May from a 1.79 percent increase in April - shows that poorer families will have their incomes further compromised by the pandemic.
When food prices rise at a time of rising wages, this expense is cushioned by income gain. In the current scenario, however, the loss of family income, particularly for those with lower wages, is significant and the rise in food prices weighs even more heavily.
According to the . . .