Portugal’s year-on-year inflation rate, measured by the Consumer Price Index (CPI), was 8.7% in June, the highest since December 1992, the National Institute of Statistics (INE) said Tuesday. rice field.
The CPI increased by 0.7 percentage points compared to the 8% registered in May 2022.
Energy-related inflation rose 4.4 points month-on-month to 31.7%, the highest since August 1984.
However, the consumer price index for raw foods is 11.9%, slightly above the 11.6% recorded in May 2022.
Using the Consumer Price Index (HICP), which unifies the European Union’s method of calculating inflation, Portugal’s inflation rate was 9%, slightly above the eurozone’s average of 8.6%.
According to the EU Statistics Bureau Eurostat, rising inflation in the euro area continues to be driven by rising prices in the energy, food, alcohol, tobacco, non-energy industrial products and services sectors.
