What Does IGPM Stand for

General market price Index

IGPM is an acronym for General market price Index. This is a parameter calculated every month by the FGV (Fundação Getúlio Vargas) and released at the end of each month. Created in November 1947, the GENERAL had the goal to cover the movement of prices.

It is also used as a reference index for adjustment of electric energy increases and rental contracts. Before it was designed with the principle of the corrections of some securities issued by the National Treasury and bank deposits with post fixed income.