Coffee prices have risen globally due to extreme weather related to climate change, but the nearly 40 per cent increase in Latin America’s largest economy last year has become symbolic of a broader discontent with food and drink inflation that has weighed on Lula Inacio Da Silva’s approval rates… According to an industry association, the average Brazilian drank 2.2 per cent less coffee in the year to October…The cost of a basket of basic groceries rose 14.2 per cent last year, including a 25 per cent increase in the price of beef cuts, the Brazilian supermarket association said…Meanwhile, struggling Brazilians are switching to cheaper coffee blends. Source
