Drought in Brazil leads to rapid inflation

Brazil is undergoing a historic drought, which is impacting everyday life in many ways. An analysis conducted by Bradesco Bank projects that the drought and recent wildfires will push food inflation in Brazil above 6% by the end of this year. However, projections show that a good harvest next year will only partially reverse the price hikes and hold inflation down. CGTN’s Paulo Cabral reports. Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-live-broadcasts Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @newstoks This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.