Residential rental prices in Brazil record highest monthly increase since 2011

Data from the FipeZap+ index show that the average value of property rents in Brazil increased by 1.36% in February and by 5.89% in 12 months.

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 . . .

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