The General Price Index – Market (IGP-M), used to adjust rental contracts, registered inflation of 0.52% in May this year. The rate was below those observed in the previous month (1.41%) and in May 2021 (4.10%).
As a result, the IGP-M accumulates inflation rates of 7.54% in the year and 10.72% in 12 months. In May 2021, the IGP-M accumulated a high of 37.04% in 12 months.
The fall in the rate from April to May was driven by wholesale and retail prices. The Broad Producer Price Index (IPA), which measures wholesale, fell from 1.45% in April to 0.45% in May.
The Consumer Price Index (CPI), which measures retail, went from 1.53% in April to 0.35% in May.
On the other hand, the National Construction Cost Index (INCC) dropped from 0.87% to 1.49% in the period.