Camila Maciel      Reporter Agência Brasil

São Paulo – The General Price Index – Market (“Índice Geral de Preços – Mercado - IGP-M”) rose 1.02% in May, compared to April. That is 0.17 percentage points more than it rose in April (0.85%), compared to March. The IGP-M is a reference base for contract adjustments; most importantly, rent. Over the last twelve months the IGP-M has risen 4.26%. So far this year it is up 2.51%.

There was strong pressure on the IGP-M in the wholesale segment where the broad producer price index (“Índice de Preços ao Produtor Amplo – IPA”), which measures prices there, rose 1.17% in May, compared to April. In April, compared to March, it was up 0.97%.

There was also pressure in the construction segment (“ÍNCC”) where labor costs rose 2.22% in May (after rising 1.08% in April).

The bright spot in this latest Getulio Vargas Foundation (“FGV”) price survey was the Consumer Price Indes (“Índice de Preços ao Consumidor – IPC”) that was down 0.49%, compared to April.

Allen Bennett – translator/editor The News in English

Link - Índice que reajusta aluguéis tem alta de 1,02% em maio