Inflation in Portugal hit 30-yr high in 2022 - Lisbon News

Lisbon, Jan 12 (IANS) The consumer price index (CPI) registered an average annual variation of 7.8 per cent in 2022 in Portugal, the highest since 1992, the country's National Institute of Statistics (INE) announced.

by IANS | Updated Jan 11, 2023

Inflation in Portugal hit 30-yr high in 2022 - Lisbon News

Last year, the CPI rose 6.5 percentage points compared to 2021, when it was 1.3 per cent, Xinhua news agency reported.

Rising energy and food prices were the main elements contributing to the increase in the CPI.

Portuguese inflation rose more intensely in the first half of last year, with prices slowing down in the last two months of 2022.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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