Sadia is one of the world’s leading producers of chilled and frozen foods. Established in Brazil in 194...
Cyrela Brazil Realty is the largest residential real estate developer in Brazil. Considered one of the m...
Today, Banco do Brasil is the largest financial institution in the Country with 24.4 million clients and ...
CPFL Energia is a holding company in Brazilian electricity sector, operating through its subsidiaries in ...
Copersucar S.A. is the largest Brazilian sugar, ethanol and bioenergy company and a significant player in...

Index rescheduling rent retreats and has the lowest rate since 1989

FGV

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