Economic indicators

Index used in the adjustment of the rent has strong slowdown in high

28/11/2013

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Marli Moreira
Brazil Agency reporter

São Paulo - The General Price Index - Market ( IGP -M ) rose by 0.29 % in November , well below the rate recorded in October ( 0.86 % ) . Since January, the charge accumulates 4.88 % and the last 12 months , 5.60 % . The index , calculated by the Brazilian Institute of Economics, Getulio Vargas Foundation , is used as basis in renewals of leases , among others .

The result was mainly influenced by the variation of prices in the wholesale sector , measured in one of three components of the fee , the Producer Price Index Broad ( IPA ) , a decrease of 0.17 % from 1.09 % . Among the oscillations that are lost strength materials and components for manufacturing, whose prices were stable at 0.01 % , compared to an increase in October , 1.04% .

With regard to products trading on the international market , as measured by the index of raw materials , the rate went from 1.95% to 0.60 % under the effect mainly of items : iron ore ( 6 81% to 2.06% ) , poultry ( 3.27% to -6.16 %) and bovine ( 3.80% to 0.75 %).

Also contributing to the decrease in IGP -M National Construction Cost Index ( INCC ), ranging from 0.27 % versus 0.33 % . The component captures the fluctuations in the retail market , the Consumer Price Index ( CPI ) , partly neutralized the average contention increases when registering rise of 0.65 % . The previous month had reached 0.43 % .

Editorial : Grace Adjuto

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Source : The Globe - Online

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