By Contributing Reporter

RIO DE JANEIRO, BRAZIL - The General Price Index - Market (IGP-M), used in the readjustment of rental contracts, rose 0.73 percent in the first half of this year. According to the Getulio Vargas Foundation (FGV), the rate is higher than that recorded in the first preliminary in May (0.58 percent). With the preliminary results for June, the IGP-M accumulated inflation of 6.44 percent in 12 months.

The drop in the rate from May to June was driven by retail and construction. The Consumer Price Index, which measures retail, registered deflation (price drop) of . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here