Number of the week

Why Brazil’s automotive inflation is at its highest in 21 years

A combination of fuel prices, supply chain disruptions, and an unfavorable exchange rate has made it a bad time to be a Brazilian driver

inflation drivers
From Uber drivers to truckers, anyone working behind the wheel in Brazil has seen costs skyrocket. Photo: Facundo Florit/Shutterstock

Welcome to “Number of the Week,” where we choose a single figure that helps understand what is going on in Brazil. This week, we show why Brazil’s automotive inflation is at its highest since 2000. 

12-month inflation drivers have faced

Living in Brazil is expensive these days. In September, the country’s consumer price index, IPCA – the official measure of inflation – ended the 12-month period at 10.25 percent, reaching double-digits for the first time since 2016, when the country faced its worst recession. As seen in previous months, the index was driven upwards...

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