STXNEWS LATAM-Brazilians spend equally on food, transport


Brazilian families spend as much on transportation as they do on food, government statistics agency IBGE said on Wednesday. Transportation costs accounted for 16 percent of average family spending of 2,626.31 reais ($1,455) per month, compared to 16.1 percent for food. Bigger family budgets have boosted car ownership, said Edilson Nascimento, an IBGE researcher. Rising car and fuel prices also bumped up spending. Car sales in Brazil have dipped recently as tax breaks adopted during the ...

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