Cattle prices soar and complicate BC’s work on inflation

MSN - 08/11
A jump in the value of live cattle promises to make the end of the year saltier for Brazilian consumers, which complicates the work of a Central Bank that has been raising interest rates against the grain of the world to try to tame inflation.

(Bloomberg) -- A jump in the value of cattle promises to make the end of the year saltier for Brazilian consumers, which complicates the work of a Central Bank that has been raising interest rates against the grain of the world to try to tame inflation.

The price of meat is expected to rise at least 7.9% in the last quarter of this year, the biggest increase for the period since 2020, according to LCA Consultores. Beef has emerged as a major concern, with me...
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