IGP-M, rent inflation, drops 1.93% in June and accumulates a drop of 6.86% in one year

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In 2023, so far, the IGP-M has already retreated 4.46%. Since April, the indicator has been registering accumulated deflation in 12 months, which has not happened since February 2018. Rent inflation slows down in June Fábio Tito/G1 The General Price Index – Market (IGP-M), considering the inflation of the rent, fell 1.93% in June, informed the Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV-Ibre) this Thursday (29). The fall comes after a drop of 1.84% observed in May, revealing that inflation is still decelerating. In 2023, so far, the index has already retreated 4.46%, while in the accumulated in 12 months, the retreat is even more expressive, of 6.86%. The IGP-M is made up of three indicators: the Producer Price Index (IPA), which accounts for 60% of the composition and fell by 2.73% in June; the Consumer Price Index (CPI), which weighs 30% and dropped 0.25% in the month; the National Civil Construction Index (INCC), with a weight of 10%, which rose 0.85% in June, being the only increase.

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