By Rogerio Jelmayer
SAO PAULO--Brazil's general price index, known as the IGP-M, dropped 0.51% during the June 21-to-July 20 period, compared with a fall of 0.64% during the May 21-to-June 20 period, according to figures published Friday by the private Getulio Vargas Foundation.
The latest figure came at the lower end of analysts' expectations for a decrease of between 0.30% to 0.51%. The rolling IGP-M rate for the 12 months through July 20 was 5.42%. The IGP-M measures inflation adjusted for annual rental contracts of housing and commercial properties across Brazil.
Wholesale prices, which carry a 60% weighting in the overall index, fell 0.94% in the June 21-to-July 20 period, compared with a decline of 1.33% from May 21to June 20.
Consumer prices, which have a 30% weighting in the overall index, were up 0.14% versus a previous increase of 0.28%.
Meanwhile, construction costs, which have a 10% weighting in the index, rose 0.67% compared with a 1.67% increase in the prior period.
Write to Rogerio Jelmayer at firstname.lastname@example.org
(END) Dow Jones Newswires
July 18, 2014 07:32 ET (11:32 GMT)
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