RIO DE JANEIRO, BRAZIL - Inflation measured by the National Civil Construction Index (Sinapi) rose 2.46% in June, after advancing 1.78% in May, according to the Brazilian Institute of Geography and Statistics (IBGE).
It is the highest rate ever recorded in the historical series, which began in 2013. With the result, the indicator accumulates a high of 20.92% in 12 months.
The national cost of construction per square meter was R$ 1,421.87 in June, with R$ 829.19 for materials and R$ 592.68 for labor. In May 2021, this cost totaled R$ 1,387.73 . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here