Brazil’s leftist president recently told the country’s citizens not to purchase expensive grocery items in an effort to combat soaring food prices.
In a video being shared online, Brazilian President Luiz Inácio Lula da Silva urged Brazilians to be frugal when grocery shopping.
« If you go to the supermarket in Salvador and you suspect that a certain product is expensive, don’t buy it, » he said. « Look, if everyone thought like that and didn’t buy things they thought were expensive, whoever is selling is going to have to lower the price in order to sell it.
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« Because if they don’t, it’s going to spoil. »
On Thursday, da Silva said he was worried about rising food prices but projected the increases would slow and voiced an optimistic tone about the economy.
« The Brazilian economy is living its best moment, » Lula said during an interview with radio stations, Reuters reported.
The leftist leader noted that Brazil’s real was still at a low level against the U.S. dollar but sees the rate « adjusting, » according to Reuters.
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In January, Brazilian Finance Minister Fernando Haddad said he expected food prices to decline this year due to strong agricultural production.
Prices tend to stay at high levels until food production « corrects this price distortion to an adequate level, » he told a local news outlet.
Haddad added that officials predict Brazil’s economy will grow 2.5% in 2025, slowing from an expected 3.5% last year.
« I believe we have room to grow 2.5% by reducing inflation, » he told RedeTV, according to Reuters.
Source link : https://www.foxnews.com/world/brazils-socialist-president-tells-citizens-not-buy-expensive-grocery-items-rising-food-prices
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Publish date : 2025-02-07 21:43:00
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