In the latest economic update from Portugal, the Consumer Price Index (CPI) for December 2024 recorded a steady performance, maintaining the same rate as the previous month. As of January 13, 2025, data confirms that Portugal's CPI for December reached 3.0% on a year-over-year basis, mirroring the figure set in the previous month.
This consistency in the CPI indicates a period of stability within the Portuguese economy, as there have been no changes from the previous point of reference. In comparison to December 2023, where the same consistent rate was observed, there are no signs of inflationary pressures increasing or decreasing.
Economists and market analysts will keep a watchful eye on future CPI releases. As Portugal maneuvers through the landscape of potential economic uncertainties, this steadiness might be seen as a positive indication for both consumers and businesses alike, suggesting a predictable pricing environment entering the new year.
