INE confirms inflation of 8.7 percent in Portugal￼
Not since December 1992 had the rate been this high.
Final consumer price inflation in Portugal is at an almost thirty-year high. The National Statistics Institute (INE) confirmed this Tuesday that the year-on-year change in the Consumer Price Index (CPI) was 8.7 percent in June, up from 8 percent in May and the highest value since December 1992.
“The year-on-year change in the CPI was 8.7 percent in June 2022, a rate 0.7 percentage points higher than in the previous month and the highest since December 1992,” reads the note from the national statistics office confirming the data put forward two weeks ago.
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