Brussels revises high inflation in Portugal to 4.4% this year – World
The European Commission revised up Portugal’s inflation rate by 2.1 percentage points (pp) to 4.4% this year, but below the 6.1% forecast for the euro zone, according to estimates released this Monday. .
According to the macroeconomic planning, released today, the Harmonized Index of Consumer Prices (HICP) is expected to rise from 0.9% in 2021 to 4.4% in 2022, before falling to 1.9% in 2023.
The inflation estimate for Portugal exceeds the forecast, which forecasts 4% this year and 1.6% in 2023.
Even so, and despite revising a high February forecast of 2.3% released in February, an average estimate for the country for this year Portugal as the one with a lower rate of inflation, with a euro zone still places an estimate in 6.1% and for the European Union at 6.8%.
No, executive report prepared that from the beginning of this beginning and beginning of the peak in the second quarter.
estimates that core inflation stood at 3.7% this year in Brussels and 2.2% in 2023.
The HICP averaged 0.9% in 2021, reaching 2.4% in the last quarter of 2021 and increasing to 4.4% in the first quarter of 2022, as energy and other commodity prices, including metals, building materials and agricultural products continued to grow, noting.