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Inflation in Portugal hit 30-yr high in 2022

Inflation in Portugal hit 30-yr high in 2022

Lisbon, Jan 12 (SocialNews.XYZ) 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.

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.

Source: IANS

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Inflation in Portugal hit 30-yr high in 2022

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