IGP-M, the rental inflation index, plummeted in April, marking its first deflation in 12 months since 2018.
The indicator showed 0,95% in April, according to data from FGV.
247 - The General Market Price Index (IGP-M), used to adjust rental contracts across the country, registered a decline of 2,17% in 12 months, according to data from the Getulio Vargas Foundation (FGV) released this Thursday (27).
The deflation in "rental inflation" in April was the first recorded since February 2018. The drop in the month was 0,95%, after an increase of 0,05% in the previous month.
The Broad Producer Price Index (IPA), which measures wholesale price variations, also showed deflation of 1,45% in April, after a decline of 0,12% in the previous month.
“Prices of important commodities for the productive sector continue to fall. Soybeans (-9,34%), corn (-4,33%) and iron ore (-4,41%) create room for cost reductions in important retail segments, favoring the impact of these effects on consumer prices,” said the coordinator of price indices, André Braz, to [the source]. G1.