Economic Indicators

Portugal’s July inflation rise at fastest pace since Nov 1992

2022.07.29 12:26

Portugal's July inflation rise at fastest pace since Nov 1992
People are seen in a shopping mall on the first day of the opening of malls after a country lockdown, amid the coronavirus disease (COVID-19) pandemic, in Sintra, Portugal, April 19, 2021. Picture taken through glass. REUTERS/Pedro Nunes

(Reuters) – Portuguese consumer prices jumped 9.1% year-on-year in July, the fastest pace since November 1992, up from 8.7% in June, flash data from the National Statistics Institute (INE) showed on Friday.

Core inflation, which strips out volatile food and energy prices, rose 6.2% in July year-on-year, the fastest rate since April 1994, up from 6% a month earlier.

Russia’s invasion of Ukraine and the subsequent pressure on energy and food markets has stoked inflation, which was already accelerating as the global economy reopened after the coronavirus pandemic.

Comparing to June, consumer prices in Portugal were flat in July, down from a 0.8% increase the previous month.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 68,817.44 0.25%
ethereum
Ethereum (ETH) $ 2,437.22 0.87%
tether
Tether (USDT) $ 1.00 0.05%
bnb
BNB (BNB) $ 559.86 0.16%
solana
Solana (SOL) $ 161.91 0.32%
usd-coin
USDC (USDC) $ 1.00 0.00%
xrp
XRP (XRP) $ 0.514268 1.98%
dogecoin
Dogecoin (DOGE) $ 0.168334 11.60%
staked-ether
Lido Staked Ether (STETH) $ 2,436.38 0.90%
tron
TRON (TRX) $ 0.162269 1.63%
cardano
Cardano (ADA) $ 0.330772 0.00%
the-open-network
Toncoin (TON) $ 4.60 5.07%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 4.87%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,870.61 1.55%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 68,642.39 0.12%
avalanche-2
Avalanche (AVAX) $ 23.16 1.45%
weth
WETH (WETH) $ 2,436.55 0.90%
bitcoin-cash
Bitcoin Cash (BCH) $ 338.14 1.30%
chainlink
Chainlink (LINK) $ 10.49 1.41%
leo-token
LEO Token (LEO) $ 6.07 0.50%
usds
USDS (USDS) $ 0.992955 0.78%
polkadot
Polkadot (DOT) $ 3.82 1.33%
sui
Sui (SUI) $ 1.92 2.67%
litecoin
Litecoin (LTC) $ 66.98 0.90%
near
NEAR Protocol (NEAR) $ 3.69 1.77%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,552.87 1.26%
aptos
Aptos (APT) $ 8.19 0.75%
uniswap
Uniswap (UNI) $ 6.93 0.49%
pepe
Pepe (PEPE) $ 0.000008 0.45%
internet-computer
Internet Computer (ICP) $ 7.13 0.49%
dai
Dai (DAI) $ 0.999737 0.04%
bittensor
Bittensor (TAO) $ 427.96 0.17%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.15 1.99%
monero
Monero (XMR) $ 159.59 1.23%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.10%
stellar
Stellar (XLM) $ 0.092232 1.57%
whitebit
WhiteBIT Coin (WBT) $ 18.94 0.26%
ethereum-classic
Ethereum Classic (ETC) $ 17.93 1.37%
kaspa
Kaspa (KAS) $ 0.105965 3.02%
first-digital-usd
First Digital USD (FDUSD) $ 0.999836 0.37%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.297317 0.73%
blockstack
Stacks (STX) $ 1.51 3.85%
okb
OKB (OKB) $ 37.44 0.28%
dogwifcoin
dogwifhat (WIF) $ 2.04 0.91%
filecoin
Filecoin (FIL) $ 3.34 0.07%
aave
Aave (AAVE) $ 130.61 0.51%
crypto-com-chain
Cronos (CRO) $ 0.071627 0.49%
arbitrum
Arbitrum (ARB) $ 0.480762 0.03%
mantle
Mantle (MNT) $ 0.556333 0.42%
immutable-x
Immutable (IMX) $ 1.08 0.81%