Price Index for Rental Contracts in Brazil Accumulate Inflation of 6.53 Percent in 12 Months

The Consumer Price Index, which measures retail, went from a deflation (price drop) of 0.05 percent in June to an inflation rate of 0.10 percent in pre-July.

RIO DE JANEIRO, BRAZIL - The General Price Index-Market (IGP-M), used in the readjustment of residential rental contracts, registered inflation of 0.53 percent in the second ten-day prior forecast for July. The rate is lower than the one observed in the same forecast for June (0.75 percent). According to the Getúlio Vargas Foundation (FGV), the IGP-M has accumulated inflation of 6.53 percent in twelve months.

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