Brazil: Cost-of-living squeeze threatens Lula's reelection prospects

President Lula's reelection bid faces headwinds as voters prioritize cost-of-living pressures over favorable macroeconomic indicators. The article suggests a disconnect between official economic data and public sentiment, which could undermine Lula's political standing ahead of the election. The core claim is an analytical assessment based on polling and economic trends, with uncertainty around the magnitude of the political impact.