At least that’s what the “Data Popular” study is showing, according to the Financial Times. Some good points, but not sure I agree with it entirely. Here are some of the article’s highlights:
Brazil is expensive. If you’ve been to São Paulo recently you’ll see that many things cost the same as (or even more) than they do in the US or Europe. If you’re earning a Brazilian wage but paying developed world prices, no wonder many still feel poor.”
Source: Financial Times.