High Brazilian Service Prices Help Inflation Soar

By Chesney Hearst, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – In Brazil consumer prices for services continue to increase and drive inflation higher. Making up seventy percent of the country's GDP, the services seeing the highest increases include; transportation, food, school tuition and medical appointments.

According to a recent Fundação Getulio Vargas (FGV) survey, 74 percent of fifty services studied under the Consumer Price Index (CPI) showed inflation well above 1.69 percent in the first two months of 2014 alone.

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