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By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL - According to data released Monday, October 30th, from the Getulio Vargas Foundation (FGV), the General Index of Market Prices (IGP-M), also referred to as the rent inflation index, declined in October, but officials expect this deflation to be short-lived with inflation projected to rebound in November.

The IGP-M is commonly used as a reference for the correction of contract values related to electricity and rental

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