Drought in Brazil leads to rapid inflation

Global Business

Brazil is undergoing a historic drought, which is impacting everyday life in many ways.

An analysis conducted by Bradesco Bank projects that the drought and recent wildfires will push food inflation in Brazil above 6% by the end of this year.

However, projections show that a good harvest next year will only partially reverse the price hikes and hold inflation down.

CGTN’s Paulo Cabral reports.