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Brazil Draws Line on Inflation

Price increases for services, like bikini waxing, outpace all other categores.

By Iuri Dantas | Updated on May 13, 2011

If you’re getting a bikini wax in Brazil, you’re likely to find that the cost is rising. And if you’re an economic policy maker, that’s a problem.

As with more prosaic services ranging from car repair to dentistry, the price of waxing is rising faster than most components of the nation’s economy. That’s pushing inflation above the government’s target and may force central bank President Alexandre Tombini to prolong interest-rate increases this year.

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