RIO DE JANEIRO, BRAZIL - Widespread inflation is increasingly present in the lives of Brazilians. According to the FipeZap+ index, the average price of residential property in Brazil rose 1.36% in February compared to January.
This is the highest increase since December 2011 (+1.39%). The change exceeded the consumer inflation measured by IPCA, IBGE, during the period (+1.01%), but was lower than the inflation measured by IGP-M, FGV (+1.83%).
The FipeZAP+ index captures the average rental price of ready-to-rent apartments in 25 Brazilian cities based on Internet advertisements.
It was the eighth consecutive increase . . .