Can Brazil lose control of inflation? A brief history of inflation before the Real Plan

The Brazilian Institute of Geography and Statistics (IBGE) on Friday, October 8, reported that year-to-date inflation reached 10.25%. It was the first time since February 2016 that the IPCA, the main index of Brazilian inflation, exceeded 10%.

RIO DE JANEIRO, BRAZIL - Former president of the Central Bank and adviser to the Brazilian Center for International Relations (CEBRI) think tank Armínio Fraga said in a VEJA cover story that he fears much of the control efforts made during the creation of the Real Plan and in the following years could be lost.

"That would be worse than frustrating. It would be a great shame," he said. "We are running this risk, there is no doubt about it, and it would be very serious. There is no way to describe it any other way. What would happen if . . .

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