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Portuguese CPI records inflation rise of 1.9% points from March-April' 22

"Since the beginning of 2022, the year-on-year rate of change of the CPI has shown a significant acceleration," the INE was quoted by Xinhua news agency as saying

Topics
Portugal | Consumer Price Index | Inflation rise

IANS  |  Lisbon 

Portugal
According to INE, the largest increase was in education, as a result of increases in tuition fees.

The Portuguese (CPI) recorded an increase in inflation of 1.9 percentage points from March to April 2022, marking the "biggest difference between two consecutive months since January 1985," the National Statistics Institute (INE) has said.

"Since the beginning of 2022, the year-on-year rate of change of the CPI has shown a significant acceleration," the INE was quoted by Xinhua news agency as saying.

The categories that showed the largest increases were food and non-alcoholic beverages, housing, water, electricity, gas, and other fuels, home accessories, domestic equipment, and current housing maintenance, transport, communications, leisure, recreation and culture, restaurants and hotels and miscellaneous goods and services.

According to INE, the largest increase was in education, as a result of increases in tuition fees.

On the other hand, the rate dropped to 5.9 per cent in the first quarter of 2022, 0.4 percentage points lower than in the previous quarter, and 1.2 percentage points lower than in the same quarter of 2021.

Meanwhile, between January and March the number of unemployed people in was estimated at 308,400.

--IANS

int/shs

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, May 12 2022. 08:11 IST
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