The IGP-M, the rental inflation index, closes the year at 7,54%.
The General Price Index – Market (IGP-M), used to adjust rental contracts, closed 2018 with a rate of 7,54%; last year, the IGP-M had registered deflation of 0,52%.
Vitor Abdala, reporter for Agência Brasil - The General Price Index – Market (IGP-M), used to adjust rental contracts, closed the year 2018 with a rate of 7,54%. Last year, the IGP-M had registered deflation (a drop in prices) of 0,52%.
In December, the index registered deflation of 1,08%, a sharper price drop than in November (-0,49%).
The drop in the rate from November to December was driven by wholesale, retail, and construction prices. Wholesale prices, measured by the Broad Producer Price Index, fell from -0,81% to -1,67%.
The Consumer Price Index, which measures retail prices, fell from 0,09% in November to 0,04% in December. The National Construction Cost Index fell from 0,26% to 0,13% during the same period.