In Brazil, from 2007 to 2024, picanha went from 22.2 BRL to 77.4 BRL. Implied average compound annual growth rate (CAGR): ~7.6%.

Over the same period, the M2 money supply of BRL went from 0.78 T to 6.43 T. Implied CAGR: ~13.2%.

Picanha getting cheaper in real terms? nostr:note1gqq0cfuypvr7sw0cpz0vvaallkt0yvc24xmlvr97c4l4ss7gfzdqr04gwv