The annual rate of change of the consumer price index (CPI) increased to 9.1% in July from 8.7% in June, the highest reading since November 1992, the National Institute of Statistics (INE) estimated this Friday. .
According to a quick estimate released by the Statistical Institute, “Based on the information already collected, the rate of change of the consumer price index (CPI) on an annualized basis will increase to 9.1% in July (8.7% in June). “.
“This is the highest value recorded since November 1992,” he stresses.
Core inflation (the overall index excluding raw food and energy products) registered a change of 6.2% (6.0% in the previous month), the highest level since April 1994.
According to INE estimates, the annual rate of change of the energy products index in July was 31.2% (the rate is down by 0.5 percentage points compared to the previous month), while the unprocessed food index will represent a deviation of 13.2% compared to 11.9% in June.
In July, month-on-month, the CPI change was zero (0.8% in June and -0.3% in July 2021), with an average change over the past 12 months estimated at 4.7% (4.1% in the previous month). month).
Portugal’s Harmonized Consumer Price Index (HICP) recorded a year-on-year change of 9.4% in July (up from 9.0% in the previous month).
Final CPI data for June 2022 will be published by INE on 10 August.
Author: Lusa
Source: CM Jornal
