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Rental inflation accumulates a rate of 8,32% in 12 months.

The General Price Index – Market (IGP-M), used to adjust rental contracts, registered inflation of 0,62% in the first preliminary reading for April, a rate higher than that registered in the preliminary reading for March (0,71%); with this, the IGP-M accumulates an inflation rate of 8,32% over 12 months, according to data released by the Getulio Vargas Foundation (FGV).

Rental inflation accumulates a rate of 8,32% in 12 months (Photo: RICARDO MORAES - REUTERS)

By Vitor Abdala - Reporter for Agencia Brasil

The General Price Index – Market (IGP-M), used to adjust rental contracts, registered inflation of 0,62% in the first preliminary reading for April, a rate higher than that registered in the preliminary reading for March (0,71%). With this, the IGP-M accumulates an inflation rate of 8,32% in 12 months, according to data released today (10) by the Getulio Vargas Foundation (FGV).

The drop in the rate was driven by wholesale prices, measured by the Broad Producer Price Index, which recorded inflation of 0,65% in April, compared to 0,9% in March.

On the other hand, inflation in the Consumer Price Index, which measures retail prices, rose from 0,47% to 0,65%, and the rate of the National Construction Cost Index increased from 0,02% to 0,36%.