The minimum wage in Brazil was 1212 Brazilian Real (BRL) in 2022, 1045 BRL in 2020, 788 BRL in 2015, and 510 BRL in 2010
Posted: Wed Jul 06, 2022 6:33 pm
The minimum wage in Brazil was 1212 Brazilian Real (BRL) in 2022, 1045 BRL in 2020, 788 BRL in 2015, and 510 BRL in 2010. Brazil's price index was 210 in 2022, 177 in 2020, 133 in 2015, and 100 in 2010. In which of those years was the purchasing power of one Brazilian minimum wage the highest? Show your reasoning.