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Despite record-high construction activity, construction inflation in Brazil falls to 1.16% in July

By RT Staff Reporters · July 26, 2022 · 1 min read

Brazil, Rio de Janeiro,Court found irregularities in Comperj construction — Court found irregularities in Comperj construction photo by Steferson Faria/Petrobras

Although Brazilian construction activity and average employment reached their highest levels since 2012 in the first four months of 2022, inflation in this sector is declining.

The National Index of Construction Cost-M (INCC-M), calculated by the Getulio Vargas Foundation (FGV), stood at 1.16% in July. The rate is lower than June this year (2.81%) and July last year (1.24%).

As a result, the INCC-M recorded inflation of 8.44% for the year and 11.66% for the last 12 months.

Inflation for materials, equipment, and services decreased from 1.40% in June to 0.60% in July. The labor index fluctuated between 4.37% in June and 1.76% in July.

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This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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