The Portuguese Consumer Price Index (CPI) has increased to 2.1% for September 2024, marking a slight uptick from the 1.9% recorded in August 2024. This data, updated on 30 September 2024, reflects the year-over-year changes in the inflation rate, comparing each month's figures to the same month in the previous year.
This rise indicates a gradual return of inflationary pressures in Portugal's economy, after a period of relatively stable prices. The CPI is a crucial economic indicator, as it measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Economists and analysts will be closely watching these developments, as even small shifts in the CPI can have significant implications for purchasing power, interest rates, and overall economic health. The data highlights the delicate balance that policymakers must maintain to foster economic stability while managing inflation.
