With inflation at a 19-year high, this year’s Easter eggs are shrinking

Whether it’s at the gas station or in grocery stores, inflation in Brazil is the highest it’s been since 2003. With the purchasing power eroding, Brazilians are expected to change how they celebrate Easter. The National Confederation of Commerce (CNC) expects the sector’s earnings to hit only BRL 2.1 billion (USD 461.4 million). 

  • If confirmed, this would represent a 5.7-percent drop relative to Easter 2019, the last before the pandemic.

What is happening? Easter inflation is even steeper than the general rise in consumer prices. A study by think tank FGV-Ibre shows that most staple products for Easter…

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