In the latest economic update from Portugal, the Consumer Price Index (CPI) for February 2024 showed a slight increase of 0.1% compared to the previous month. This comes after the CPI had remained stagnant at 0% in January 2024. The data, updated on February 29, 2024, indicates a month-over-month comparison showing a small uptick in consumer prices.
The CPI is a key indicator used to measure inflation and the changing cost of goods and services in the economy. This slight increase in February suggests a mild inflationary pressure, which can have implications for consumers, businesses, and policymakers. It will be important to monitor future CPI data to assess the ongoing economic conditions in Portugal and how it may impact various sectors within the country.
