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By Ben Tavener, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The price of the cesta básica – the “basic basket” of essential foodstuffs – has gone up in all but two cities in the most recent monthly survey by the Department of Statistics and Socioeconomics Studies (Dieese). Sixteen state capitals saw prices rise for basic products, including Rio de Janeiro, despite tax cuts announced by President Dilma Rousseff in March.

The biggest price hikes were noted in Vitória (Espírito Santo), Subscribe to our Premium Membership Plan. Already Subscribed?