Brazilian Barbecue Cheaper in U.S. Shows Strong Real Takes Toll
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Meat lovers in Washington craving traditional Brazilian barbecue will pay less for it than fellow carnivores in Brasilia. The cheaper check shows that Latin America’s biggest economy is losing what its leaders have called a “currency war.”
An all-you-can-eat dinner at Brazilian steakhouse Fogo de Chao goes for $3.25 more at the chain’s Brasilia outpost than at its Pennsylvania Avenue branch. Before the real’s 45 percent rally against the dollar since the start of 2009, the same meal at today’s prices would have cost $14.70 less in Brasilia.