Inflation in Portugal reached the highest value “in the last 30 years”, highlights on Facebook
“Highest inflation in the last 30 years: 9.1%. Largest burned area Serra da Estrela, equal to 4,000 soccer fields. Highest mortality ever: 10,000. Higher number of deaths in pregnant women”, is listed in an August 10 post on Facebook, sent to Poligrafo with requests for fact checking.
In this article we focus exclusively on the matter of taxmortality figures will be published for another article to be published soon.
According to the July 2022 “Consumer Price Index” bulletin (you can consult here), released by the National Statistics Institute (INE) on August 10th, “the Consumer Price Index (CPI) was 9.1% in July 2022rate higher by 0.4 percentage points (pp) than that observed in the previous month and lowest since November 1992“.
“The indicator of underlying inflation (total index of unprocessed food products and energy) also speed up, registering a date of 6.2% (6.0% in). Ratio of the index to the relatives energy products stood at 31.2% (0.5 pp lower than in the previous month), while the index referring to food products unprocessed products presented information of 13.2% (11.9% in June). Monthly CPI report was null (0.8% in the previous month and -0.3% in July 2021). The average for the last 12 months was 4.7% (4.1% in June)”, the document states.
According to data collected by INE, “the Harmonized Index of Consumer Prices (HICP) english description a counterpart of 9.4%new value highest registered since the beginning of the HICP series, in 1996. This rate is 0.4 pp higher than the previous month and 0.5 pp higher than the value estimated by Eurostat for the Euro area (in June, this difference had been 0.4 pp). Unprocessed food and energy products, the HPC in Portugal reached a year-on-year approach of 6.9% in July (6.6% in June), higher than the corresponding rate for the Euro area (estimated at 5.0%), maintaining the markedly rising profile seen in recent months. The HICP recorded zero monthly duration (1.4% in the previous month and -0.4% in July 2021) and an average of the last twelve months of 4.8% (4.1% unprecedented)”.
“The IPC counterpart translator was 9.1% in July 20220.4 pp higher than the one registered in the previous month and lowest since November 1992. Rounded to one decimal place, this rate coincides with the value of the quick forecast released on July 29th. (…) The underlying indicator (CPI for unprocessed food and energy products) registered a year-on-year association of 6.2%, a rate 0.2 pp higher than that recorded in June. This is the highest value registered April 1994“, stands out.
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