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“Rent inflation”: IGP-M rises 0.59% in June and accumulates a high of 10.70% in 12 months

The IGP-M (General Price Index – Market) changed 0.59% in June, compared to 0.52% in the previous month, informed the FGV (Fundação Getulio Vargas) this Wednesday (29).

The index is known as “rent inflation” because it is used to readjust most contracts in the sector.

With the result, the high in the year reaches 8.16% and, in 12 months, to 10.70% in 12 months. In June 2021, the index had risen 0.60% and accumulated a high of 35.75% in 12 months.

As a highlight for the month, the study highlights the behavior of diesel oil (from 3.29% to 6.96%), in natura milk (from 7.47% to 4.40%) and automobiles (from 0. 57% to 2.31%).

Despite these increases, the 12-month producer index rate continued to decelerate, reaching its lowest level since July 2020, when it accumulated a high of 9.27%, says André Braz, price indices coordinator.

It is worth mentioning that the IGP-M is composed of three sub-indices: the IPC-M (Consumer Price Index – Market), the IPA-M (Broad Producer Price Index – Market) and the INCC-M (National Construction Cost – Market).

*In update

Source: CNN Brasil

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