Lisbon, Portugal — On 11 September 2024, updated data revealed a slight improvement in Portugal's Consumer Price Index (CPI) for the month of August 2024, though it remains in negative territory. The CPI, a key inflation measure, stopped at -0.3% in August 2024, a modest recovery from the disheartening -0.6% observed in the same month the previous year.
The month-over-month comparison indicates that Portugal is making slow progress towards economic stability. In August 2023, the CPI decrease was more pronounced, signifying a less severe deflationary pressure in the present year.
Economists are cautiously optimistic, interpreting the improved -0.3% CPI as a sign of gradual resilience in the Portuguese economy. However, the continued negative CPI underscores ongoing challenges, necessitating careful monitoring and strategic economic interventions by policymakers.'_\body
