Portugal Inflation November 2022

Harmonized inflation was 10.2% in November, down from 10.6% in October. Worth was pushed by easing pricing pressures for transportation, housing and utilities. As well as, costs for recreation rose at a extra muted tempo.

Harmonized annual common inflation rose to 7.5% in November (October: 6.9%). In the meantime, client worth inflation fell to 9.9% in November from 10.1% in October.

Lastly, harmonized client costs fell by 0.03% mother in November, in distinction to an increase of 1.07% in October. The November end result marked the sharpest worth drop since August.

Analysts at FocusEconomics forecast harmonized inflation to common 5.3% in 2023, up 0.6 proportion factors from the earlier month’s estimate and a couple of.4% in 2024.