Prices Skyrocket in Brazil
Brazilians are subjected to some of the highest prices for consumer goods in the world. Whether it is food, transportation, toll, or souvenirs, things cost exponentially more in Brazil than most countries. Here is why...
In America we are taxed on our income, which means we do not have to pay overwhelming sales and other consumer taxes when we buy goods. Brazil is the opposite of this, so the prices factor in these astronomical taxes as well.
When there are many people out of jobs and the value of the nation's currency is rapidly declining, this is known as stagflation. Basically people have less and less money while goods get more and more expensive, which is a sign of economic halt.