São Paulo – The General Market Price Index (IGP-M) declined in December in comparison to November, going from 1.52% to 0.49%. The result also stood below December 2014, when the index had a swing of 0.62%, but in 2015 the IGP-M increased 10.54% against 3.69% in 2014.
The IGP-M is used as basis for adjustments of electric energy prices and rent contracts. The survey of the index is done by the Brazilian Institute of Economics of Fundação Getulio Vargas (Ibre/FGV).
*Translated by Sérgio Kakitani
