date:Mar 12, 2013
t from the current 7.25 percent by year-end.
Rousseff announced the tax breaks in a television address on Friday, reaffirming her government commitment to fight inflation in a country scarred by earlier bouts of hyperinflation.
She estimated that the tax breaks should ease the prices of those staple goods by between 9.25 percent and 12.5 percent. A supermarket association executive said on Monday, however, that the impact would more likely be closer to 3 percent to 6 percent.