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Double-digit inflation is the result of the global crisis and political tensions created by Bolsonaro | Miriam Piglet

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Double-digit inflation is the result of the global crisis and political tensions created by Bolsonaro |  Miriam Piglet

(Miriam Leitao & Ana Carolina Diniz)

IPCA-15 hit 10.42% on a cumulative basis, while Transport was the villain (2.31%). All types of fuel have grown, and since the beginning of the year it has exceeded 20%. In December alone, gasoline prices increased by 3.28%, and ethanol – by almost 5%.

Reaching double digits is very dangerous. And the President of the Republic had a negative impact on this situation. The global economic crisis pushes inflation around the world, but every time Bolsonaro creates political stress, he raises the dollar, and this affects all other prices. Bolsonaro was the country’s worst inflationary factor in a year. Inflation, when it further reduces Brazil’s income and further complicates the economic situation. The central bank has responded by raising interest rates, and they will rise next year.

The IPCA closed in December is expected to be lower. According to André Braz, Economist in charge of Ibre / FGV price indicesit is forecasted that it will remain at the level of 0.65% and 10.2% of accumulated. Gas will no longer be the villain as the price of gas has dropped slightly (by about 1%) due to a downward revision made by Petrobras in early December.

– There is nothing to celebrate. Inflation is very common. Durable goods such as cars and household appliances are on the rise. As well as services such as a restaurant and workshops. Apart from air tickets. According to him, this is a reflection of inflationary pressures that worry us.

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Braz says inflation is expected to fall sharper next year from the middle of next year. This is because the second half of this year was strong, with inflation of 1% per month. And on top of that, it has an impact on the interest rate, which further depresses the economy.

Economists generally believe inflation will decline next year. According to forecasts of the Central Bank, it will remain within the range of fluctuations of the ceiling of 5.25%.

Unfortunately, giving back doesn’t bring relief. The fall will be triggered by the recession. In any case, there are other price pressures as well: next year the dollar will be very volatile: this is an election year, and the president will continue to create a daily hustle and bustle that will hit the exchange rate. In addition, a 20% increase in electricity bills is already envisaged.

The good news is that food will weigh less. According to MB Associados, food inflation should be 3%. IPCA-15, released Thursday, demonstrated this slowdown. In December it amounted to 0.35%, in November – 0.40%, in October – 1.38%. And it will slow down a little more in the full December IPCA. The reason is the expectation of a good harvest, which is already beginning to influence prices.

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Politics

The dollar continues to reflect the political scenario

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The dollar continues to reflect the political scenario

Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!

Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.

Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.

The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.

Yesterday, the spot price closed the selling day at R$5.3103.

For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!

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Andrés Sánchez consults with the Ministry of Sports, but refuses a political post.

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Goal.com

The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.

Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.

No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.

Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.

Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.

The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.

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The EU has reached a political agreement on limiting gas prices – 19.12.2022

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Germany sentenced Russian to life imprisonment for political murder by order of Moscow - 12/15/2021
BRUSSELS, DECEMBER 19 (ANSA). European Union countries reached a political agreement on Monday (19) to impose a natural gas price ceiling of 180 euros per megawatt hour (MWh). The main sources of income for Russia and the minimization of the use of energy as a weapon by the regime of Vladimir Putin.

The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .

The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.

Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.

The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.

Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.

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“This is a victory for Italian and European citizens who demand energy security,” he added.

Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.

However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).

See more news, photos and videos at www.ansabrasil.com.br.

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