Rising Food Prices and Household Welfare: Evidence from Brazil in 2008
A World Bank working paper that estimates the welfare consequences of food price inflation in Brazil over a twelve month period. Results show that in the context of increased social protection to the rural poor, the overall impact of higher food prices was most pronounces on middle-income groups. Moreover, since the majority of Brazil's population is urban, food price inflation still led to a greater incidence and severity of poverty at the National level.
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