The Brazilian leftist president had recently asked the citizens of the country not to buy expensive grocery items in an attempt to increase food prices.
In a video being shared online, Brazilian President Luiz Inecio Lula Da Silva urged the Brazilians to be frugal during grocery purchases.
“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 thinks so and does not buy things that they thought was expensive, whoever is selling, is going to reduce the price to sell it.
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Brazilian President Luiz Enecio Lula da Silva speaks during the National Technology Conference in Brazil, Brazil, July 30 2024. (Reuters/Adriano Machao // File Photo)
“Because if they do not, it is going to deteriorate.”
On Thursday, Da Silva stated that he was concerned about the increase in food prices, but estimated that the growth would slow down and give voice to an optimistic tone about the economy.
Lula said during an interview with radio stations, “Brazil’s economy is living its best moment.”
The leftist leader mentioned that Brazil’s actual US dollar was still at low level, but looks at “adjustment”, “adjustment” according to Reuters.
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On May 9, 2023, a salesman in a vegetable at a supply center in Brasilia, Brazil. (Reuters)
In January, Brazilian Finance Minister Fernando Hadd said that he hoped that food prices will fall due to strong agricultural production this year.
He told a local news outlet that prices remain at a high level to fix this price deformation at a sufficient level.
Hadad said that the authorities have predicted that the Brazilian economy would increase by 2.5% in 2025, which is expected by 3.5% last year.
Brazilian President Luiz Inecio Lula Da Silva attends a ministerial meeting on a plan to support Rio Grande Do Sal, which was affected by floods, on 13 May, 2024 at the President’s Mahal in Bracilia, Brazil, Brazil. (AP Photo/Eraldo Perce)
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According to Reuters, “I believe we have space to increase 2.5% by reducing inflation.”
