RIO DE JANEIRO, BRAZIL - The IGP-M (General Market Price Index), known as rent inflation, increased 4.10% in May and accumulated a high of 37.04% in the 12-month period, reported on Friday, May 28, the Getulio Vargas Foundation (FGV).
The 4.10% monthly variation is the highest since November 2002. Considering the accumulated rate in one year, it is the highest since June 1995. In April, the IGP-M decreased due to a reduction in fuel prices.
The result was slightly above the monthly variation of 4% and the 36.91% accumulated in 12 months projected by . . .