Brazil's general price index, known as the IGP-M, dropped 0.51% during the June 21-to-July 10 period, compared with a fall of 0.64% during the May 21-to-June 10 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 10 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 10 period, compared with a decline of 1.33% from May 21 to June 10.

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 rogerio.jelmayer@wsj.com

Corrections & Amplifications

This item was corrected at 7:38 a.m ET to restate the end dates of IGP-M.