RIO DE JANEIRO, BRAZIL - While official inflation as measured by the IPCA (Extended National Consumer Price Index) has accumulated 2.44 percent in 12 months - well below the four percent target set by the National Monetary Council for this year - the IGP-M (General Market Price Index) exceeds 13 percent in the period. Called rent inflation, the index is used as a reference for contract readjustments, including leases, but the index is affected by commodities prices having . . .
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