INE confirms Portuguese inflation increase to 9.1% in July, the highest since November 1992

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The inflation rate rose 0.4 percentage points in relation to June.

The Consumer Price Index (CPI) was 9.1% in July, up 0.4 percentage points on the previous month and the highest since November 1992, the INE (National Statistics Institute) confirmed Wednesday.

Also read: Inflation rate in June is 8.6 percent in the euro zone and 9.6 percent in the EU

“The year-on-year change in the CPI was 9.1% in July 2022, a rate 0.4 p.p. [percentage points] higher than in the previous month and the highest since November 1992,” the National Statistics Institute (INE) said, thus confirming the figures it had put forward in the flash estimate released on July 29.

The highest since November 1992. INE confirms inflation increase to 9.1% in July

The underlying inflation indicator (total index excluding unprocessed food and energy) also accelerated, registering a change of 6.2% (6% in June).

Read more: TSF