In the latest economic update from Portugal, the Consumer Price Index (CPI) for the month of March 2024 has shown a 2% increase compared to the previous month. The previous CPI indicator had remained unchanged at 0% in February 2024, marking a significant uptick in consumer prices within a month. The data, which was last updated on 28 March 2024, reveals a noticeable shift in the country's inflation rate.
The Month-over-Month comparison highlights the acceleration in consumer prices from February to March 2024. This increase in the CPI suggests a rise in the cost of living for Portuguese citizens during this period. As the country continues to monitor its economic indicators, this uptick in inflation may have implications for monetary policy and consumer spending in the months ahead.
