With unemp/poverty rising, Inflation in Brazil exceeded 8 % in the 12 months to June, more than double the official

With unemp/poverty rising, Inflation in Brazil exceeded 8 % in the 12 months to June, more than double the official target of 3.75%t for 2021 -> Brazilian central bank hikes rates most since 2003. Will Brazil be prime case of long-COVID-stagflation?
ft.com/content/60ee95… https://t.co/NibjpS8VNo

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