Brazil's food inflation rate was 7.69% last year, the fifth highest in the G20

Brazilian website "poder360" reported on January 27 that according to the latest data released by the National Institute of Geography and Statistics (IBGE), Brazil's food inflation rate was 7.69% last year. A survey report by Austin Ratings pointed out that among the G20 members, Brazil's performance in 2024 was only better than Argentina (94.7%), Turkey (43.6%), Russia (11.1%) and India (8.4%); Japan (6.4%) and Mexico (4.4%) performed better than Brazil. The survey showed that in 2024, Brazil's overall inflation rate including other items was 4.83%, which also ranked fifth among the G20 members. If only food price changes in the domestic market are considered, Brazil's food inflation rate will reach 8.23% in 2024. Alex Agostini, chief economist of Austin Ratings Agostini pointed out that the rise in food prices has a great impact on the overall inflation rate. He said: "The situation in most countries around the world shows that food inflation is related to the overall ...