Prices are 7.42 Percent Higher for Carnival in 2015

By Jay Forte, Contributing Reporter

RIO DE JANIERO, BRAZIL - In general prices during Carnival for products and services are 7.42 percent higher this year than in last year's five-day celebration. According to a report from the Consumer Price Index of the Getulio Vargas Foundation (IPC-FGV), the price hike is almost at the same level of inflation over the past twelve months, which accumulated 7.66 percent from February 2014 to January this year.

The Carnival jump . . .

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