By Jay Forte, Contributing Reporter
RIO DE JANEIRO, BRAZIL - The IPCA inflation index reached 10.32 percent in February over the last twelve months, while Rio de Janeiro rental list prices fell 9.07 percent in the same period, according to a new FipeZap report released yesterday (March 15th). This means that while Rio rental prices have dropped twenty percent in adjusted terms over the last year, it has remained almost level since last month.
The new report showed the average rental price in eleven Brazilian cities remained stable in February in relation to January, after nine Subscribe to our Premium Membership Plan. Already Subscribed? Login Here