While countries around the globe struggled with high inflation in 2022, Brazil reached one of the lowest rates among the G20 nations. The benchmark IPCA, a consumer price index (Índice Nacional de Preços ao Consumidor Amplo) reached 5,79% in 2022 – missing the government target but still closing at a lower rate than in 2021 when the index stood at 10,06%.
Furthermore, the benchmark interest rate Taxa Selic is set at 13,75% pe...