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Brazil's current conditions

7.10

Sources: ILO. Panorama Laboral, IBGE/PME

Inflation

Years Inflation%

1965-79 30.0

1980-93 423

1992 1149

1993 2489

1994 929

1995 22.0

1996 9.1

1997 4.3

1998 2.5

1999 8.4

2000 7.0

2001 6.8

2002 8.4

2003f 14.0

2004f 5.5

Source: International Monetary Fund

Exchange Rates

Year Exchange Rate

1995 0.8440

1996 0.9712

1997 1.0409

1998 1.1173

1999 1.2099

2000 1.8190

2001 1.9410

2002 2.3610

2003 3.3090

*All rates given for the month of Jan with US$ as the base

Source: Federal Reserve Bank [next page]