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
It seems to me that if you look at it in USD terms, yes. But if your salary is in BRL, maybe not.
https://www.xe.com/currencycharts/?from=USD&to=BRL&view=10Y
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nostr:note1gqq0cfuypvr7sw0cpz0vvaallkt0yvc24xmlvr97c4l4ss7gfzdqr04gwv