The General Market Price Index (IGP-M) measures the annual change in prices across various sectors of the Brazilian economy. It is widely recognized as the 'inflation of rents' because it is the primary benchmark used to adjust rental contracts and some public utility tariffs. The index provides a comprehensive view of inflationary pressures by incorporating wholesale, consumer, and construction costs.
Calculated as a weighted average of three other indices: the Producer Price Index (IPA) at 60%, the Consumer Price Index (IPC) at 30%, and the National Construction Cost Index (INCC) at 10%.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| May 29, 2024 | 0.28 | — | — |
| Apr 29, 2024 | -3.04 | — | — |
| Mar 27, 2024 | -4.26 | — | — |
| Feb 28, 2024 | -3.76 | — | — |
