Strikes broke out in many places in Brazil to protest against rising prices!

Under the influence of the global environment, many countries are affected by inflation, which has led to rising prices, followed by protests from the public.

According to data released by the Brazilian National Institute of Geography and Statistics recently, as of the end of October this year , Brazil's national consumer price index has increased by 10.67% in the past 12 months, approaching the inflation peak of 10.71% during the 2016 economic crisis.

The continuous rise in prices has also made Brazilian people feel that the pressure of life has doubled. According to news on November 13th local time , in Sao Paulo, Brazil, a large number of people took to the streets to protest against rising prices.

Truck drivers are protesting the loudest. Against the backdrop of rising global oil prices, Brazilian oil prices are also rising. It is reported that in the past month, Brazilian oil prices have risen three times. Truck drivers said that if prices continue to rise, they will not be able to work.

Previously, due to rising oil prices in India, people said that if oil prices continued to rise, they planned to sell their private cars and take public transportation to work.

Not only that, the prices of vegetables, meat and other daily necessities are also soaring. According to data, among the total population of 213 million in China, at least 9%, or 19 million people, cannot guarantee a full meal a day, while two years ago, this number was about 10 million. This poses a great threat to the normal operation of many local industries.

As early as 2018, Brazil's 11-day strike caused fuel and food shortages across the country, causing billions of dollars in losses to multiple economic sectors. Amid continued high unemployment, rising inflation, and an increase in the number of poor people, the outbreak of a strike movement could have a catastrophic impact on the country.

It is understood that diesel prices in Brazil rose by more than 32% in 2021, but the Brazilian president announced a relief plan in November to help truck drivers pay for fuel, and the Ministry of Infrastructure also raised the minimum freight price.

The impact of the epidemic, supply chain disruptions, inflation, and rising prices have made life increasingly difficult for people around the world. It is unknown how long this wave of price increases will last.

Brazil strikes in protest of rising prices