Survey of the Brazilian Institute of Economics of Economy of the Getulio Vargas Foundation reveals that IGP-M fell 1.10% in April
Used to adjust most of the real estate contracts, the General Price Index - Market (IGP-M) fell by 1.10% in April and reached the lowest monthly rate since 1989, the beginning of the historical series. In the first four months of this year, the rate was negative at 0.36%, and in the 12 months, it reached 3.37%.
The survey by the Brazilian Institute of Economics of Economics of the Getulio Vargas Foundation (Ibre / FGV) was calculated based on the price variation observed between March 21 and 20 of this month.
Among the three components of the IGP-M, the most influential fall was the Extended Producer Price Index (IPA), which changed from a negative variation of 0.17% to a reduction of 1.77%. And in this segment as a whole, the highlight was the gross raw material group, which fell by 5.22% compared to a decrease of 0.05%.
The CPI (Consumer Price Index), with weight of 30% in the IGP-M, slowed the rise to 0.33% in April, after having advanced 0.38% in the previous month. According to the FGV, the main contribution came from the Housing group, which slowed the rise to 0.02%, down from 0.84%, especially residential electricity tariffs.
The National Construction Cost Index (INCC), which is also used to calculate the IGP-M, but with a lower weight than the other sub-indices, also registered a rate of change of -0.08%. In the previous month, it varied 0.36%.
Source: Portal Brasil, with information from Agência Brasil