Portugal Inflation December 2022

Harmonized inflation fell to 9.8% in December from 10.2% in November. The December determine marked the bottom inflation fee since August. The decline was broad-based, with much less worth stress seen in meals and comfortable drinks, transportation, and housing and utilities. As well as, costs for recreation rose at a extra muted tempo.

The development was upwards, with harmonized annual common inflation at 8.1% in December (November: 7.5%). In the meantime, shopper worth inflation fell to 9.6% in December from 9.9% within the earlier month.

Lastly, harmonized shopper costs fell by 0.39% mother in December, under the 0.03% fall in November. The December outcome marked the bottom studying since February 2021.

Analysts at FocusEconomics forecast harmonized inflation to common 5.6% in 2023, up 0.3 share factors from the earlier month’s estimate and a pair of.6% in 2024.