“Covid-19 inflation” is higher in Brazil, says study

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Brazil is one of the countries with the highest inflation caused by the Covid-19 pandemic.

This is indicated by a study by Argentine economist Alberto Cavallo, a professor at Harvard University’s business school, published by Folha.

Figures from 18 countries were compared.

Brazil recorded the greatest disparity between what the economist called “Covid inflation” and the official inflation indicator in May.

According to Cavallo, Brazil appears at the top of the list, because it presented a combination between a strong rise in food prices (9% per year in May) and a drop in transport costs (2.5%).

Read more: Partners in the disaster: the responsibility of governors in the pandemic. Click here to read more

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