How to calculate the rent IGPM
The General Market Price Index (IGPM) is an indicator used to readjust various contracts, including rental contracts. It is calculated monthly by the Getúlio Vargas Foundation (FGV) and is widely used in the real estate market.
What is IGPM?
IGPM is an index that measures the price variation of a basket of products and services. It consists of three subsidies: the wholesale price index (IPA), the Consumer Price Index (IPC) and the National Construction Cost Index (INCC).
IPA measures the variation of wholesale prices, the CPI measures the variation of retail prices and the inclusion measures the variation in construction costs. These three subsides are weighted according to their participation in the economy to calculate the IGPM.
How to calculate the rent IGPM?
To calculate the IGPM -based rent adjustment, you must follow the following steps:
- Check the value of the current rent;
- Consult the IGPM index of the previous month;
- Apply the formula: new rent value = current rental value * (1 + IGPM index);
- round the result up or down, according to the rental contract.
For example, if the current rent is R $ 1,000.00 and the IGPM index of the previous month is 1.5%, the calculation would be as follows:
New rent value = R $ 1,000.00 * (1 + 0.015) = R $ 1,015.00
It is important to emphasize that the IGPM -based rent adjustment must be provided for in the lease agreement. Otherwise, it is necessary to negotiate with the owner of the property.
FINAL CONSIDERATIONS
Calculation of the rent IGPM is a common practice in the real estate market and aims to maintain the amount of rent updated according to price variation. It is important to be aware of the rates released by the FGV and to verify that the readjustment is in accordance with the lease agreement.
If you have more questions about how to calculate the rent IGPM, consult a specialist in the area or contact FGV for more information.