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. The General Market Price Index (IGP-M), used as a benchmark for readjustment of leases and calculated by the Getúlio Vargas Foundation (FGV), recorded an increase of 0.51% in July. According to the FGV, the market is expected to increase by 4.11% and GDP by 1.58% by 2018, according to the FGV.
In 2018, the IGP-M
already accumulated a maximum of 5.92%. In the last 12 months, the difference is even greater, at 8.24%. In July of last year, according to the FGV, the index had decreased by 0.72% and accumulated a decline of 1.66% over the last 12 months.
The IGP-M is also well above the official inflation measured by IPCA
(Extended Consumer Price Index), which has peaked at 4.39% in the last 12 months.
Calculated from prices collected between the 21st of the previous month and the 20th of the current month, the IGP-M is a hybrid index, which considers both wholesale and retail trade . The first is 60% of its value, while the second is 30%. According to the FGV, the main contribution to the deceleration of the IPA – wholesale price index (IGP-M) wholesale market – came from the subgroup of food.
IPA, IGP-M wholesale
According to FGV, the main contribution to the deceleration of the IPA – IGP-M wholesale – subgroup "Alimentos in natura", whose rate of change fell from 8.19% in June to -11.55% in July
The Extended Producer Price Index (API) – which measures wholesale reference price prices – decelerating from 2.33% in June to 0.5% in July. The main contribution to this result, according to the FGV, comes from the "Alimentos in natura" subgroup of the End Goods group, whose rate of change went from 8.19% in June to -11.55% in July.
Even with economic problems, the government breaks records in June
In general, the final group of goods changed by 0.15% this month, compared to 2.58% in June. For intermediate goods, the rate of change fell from 2.42% last month to 2.11% in July. The main component of this movement was the supplies sub-group, which was 4.72% to 2.35% at the last audit.
The gross raw materials index fell to 0.70% in July, compared with 1, 92% recorded last June. Maize, poultry and iron ore contributed the most to the decline, registering PGI-M of -9.53%, 8.12% and -1.50% in July, compared to 3, 7%, 21, Respectively, in June.
In the opposite direction, the Leite in natura, the Bovines and the Rice in the shell were highlighted, whose indices were 7.36%, 1.18% and 4.69% during the month of reference. In June, the IGP-M of these groups was 3.24%, -0.64% and 2.54%, in that order.
Retail Price
(19659004) As the IPA, the consumer price index (CPI) – by compared to prices recorded in the retail trade – also declined,
Of the eight clbades of expenditure that make up the index, six recorded a decline in their rates of change: Food (from 1.55% to 0 , 19%), Transportation (1.43% to 0.28%), Clothing (0.81% to -0.84%), Health and Personal Care (0.52% to 0, 27%), Housing (1.45% to 1.37%) and miscellaneous expenses (0.08% to 0.07%).
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Education, reading and recreation and communication, by contrast, recorded a rise in the IGP-M in July, from -0.12% and 0.18% to 1, 07% and 0.35%, respectively. 19659009] Impact on rents
With the Market It is possible that the real estate sector adopts other indices in addition to the IGP-M to make adjustments, such as the IPCA, for example [19659004LeasesaregenerallysubjecttoadjustmentsbasedontheIGP-Maccumulatedwithin12monthsaboveAstheindexchangewasnegativelastyeartenantsgainedsomeadvantagetonegotiatein2018
In addition, with the withdrawal from the market, it is possible that the real estate sector will adopt Other indices to make adjustments,
Change and other effects
The IGP-M is strongly influenced by the change in the dollar and international prices of primary products, such as materials raw materials and metals, for example. With the real devaluation that has intensified in recent months and the increase in fuel prices, there has been greater pressure on the index – which also justifies its increase.
The truckers' strike, started about two months ago, another factor responsible for the recent high-PMI-M. The protests provoked sharp price increases and disrupted many of the activities that make up the index, such as poultry farming, for example.
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The deceleration in July, however, indicates that the rise in prices is losing momentum and should stagnate in the coming months, especially with the delicate moment of the Brazilian economy and the greater stability of the dollar observed in recent months. weeks
The NCIC is also rising
Like the IGP-M, the NCIC is also calculated by the FGV. Since 1950, the index follows the evolution of housing construction costs
After increasing by 0.76% last month, NCIC
-M (National Construction Cost Index) recorded a new high, this time of 0.72%, in July. Only in 2018, the index has already accumulated a maximum of 2.75%. Over the last 12 months, the increase was 3.93%
Of the seven capitals monitored, three recorded a deceleration in their rates of change: Recife, Rio de Janeiro and São Paulo
35% in July after rising 0.88% the previous month. The capital of Rio de Janeiro, in turn, appears with an increase of 0.51% in this month and 0.78% in June. São Paulo fell by 1.13% in June with 0.65% in July
On the opposite path are Salvador, Brasilia and Porto Alegre, which recorded an increase of 0.94%, 0.45% and 1%, 82% this month, respectively. In these cities, the variation of the NCIC in June was 0.81%, 0.27% and 0.18%. Belo Horizonte was the only capital that repeated the rate of the previous month (0.36%).
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As on IGP-M
the NCIC is also calculated by the FGV. Since 1950, the index has tracked the evolution of housing costs and is used to correct the values of real estate purchase contracts during the execution of the works.
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