Brasil is one of the BRIC countries. It has been prosperous for the past ten years.
Like China, the population of the middle class had quite an expansion.
Brazilians go to the malls which they call ~Shopping~.
Inflation is definitely here. 10 years ago a carton of Marlboro box cost about R$25. Today it is R$53 .
Like all currencies, R$ is worth less everyday.
To be like everyone else in the world, Brazilians catch up on acquiring goods. Malls are favorite destinations.
Many of them also buy things they don~t need, with money they don~t have.
What else is new!! Take a look at the ads below.
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You can buy things in installments, even shoes and clothes.
The merchants either accept post dated checks or debit their credit cards each month.
Prices you see in Brazil include taxes. When I ask what is the sales tax rate, no one seems to know.
.And I manage to find out from the internet. No wonder they don~t know!
Brazilian Taxes
Taxes on Goods and Services —
ICMS — Impostos Sobre Circulação de Mercadorias e Prestação de Serviços
is largely a hidden tax.
powdered chocolate
| 37.84% |
gasoline
| 53.03% |
rice
| 18.00% |
pencil
| 36.19% |
car (w/ 1.0 liter engine)
| 39.29% |
bed sheet
| 37.51% |
cookies
| 38.50% |
books
| 16.72% |
toys
| 41.98% |
pasta/macaroni
| 21.52% |
notebook (school)
| 36.19% |
table
| 30.57% |
coffee
| 36.52% |
microwave oven
| 56.99% |
footwear
| 37.37% |
tomato sauce
| 36.66% |
bed
| 30.57% |
toilet paper
| 40.50% |
pen
| 46.69% |
plants/flowers
| 14.64% |
beef
| 18.67% |
cymbals
| 44.76% |
house (average)
| 49.02% |
soda pop
| 47.00% |
beer (canned)
| 56.00% |
clothes
| 37.84% |
cigarettes
| 81.98% |
powdered soap
| 42.27% |
computer
| 38.00% |
bath soap
| 42.00% |
water service (utility)
| 29.83% |
sofa
| 34.50% |
deodorant
| 47.25% |
telephone service
| 45.65% |
detergent
| 40.50% |
bricks
| 34.23% |
DVD
| 51.69% |
television
| 46.14% |
stove/oven
| 47.25% |
wine
| 47.20% |
fruit
| 22.98% |
cough syrup
| 36.00% |
If without 82% tax, a pack of Marlboro cigarette is less than R$1.00, about C$0.55.
Imagine there is no sales tax even in your country! Things are actually very cheap to acquire.
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