City
Epaper

Inflation in Portugal rises to 30-year high

By IANS | Updated: August 11, 2022 12:45 IST

Lisbon, Aug 11 The Consumer Price Index (CPI) in Portugal rose to 9.1 per cent in July, the ...

Open in App

Lisbon, Aug 11 The Consumer Price Index (CPI) in Portugal rose to 9.1 per cent in July, the highest since November 1992, according to the National Statistics Institute (NSI).

The annual core inflation rate, which excludes energy and unprocessed food products, also accelerated to 6.2 per cent in July, reports Xinhua news agency.

On the other hand, another important economic indicator has shown improvement.

The unemployment rate fell to 5.7 per cent in the second quarter of 2022, 0.2 percentage points lower than in the previous quarter and one percentage point lower than in the same quarter of 2021, said the INE.

According to the INE, between April and June, the unemployed population, estimated at 298,800 people, decreased by 3.1 per cent compared to the previous quarter, and fell by 13.6 per cent compared to the same quarter last year.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Instituto Nacional de EstadísticaXinhuaPortugalLisbonPortuguese republic
Open in App

Related Stories

FootballDiogo Jota Accident: Liverpool Striker Dies in Car Accident in Spain

Social ViralArcus Cloud: Tsunami-Like Rare Clouds Seen at Beach in Portugal, Visuals Look Like Scene From Movie

International250 Sunken Ships Around Portugal May Hold Billions in Treasure, Claims Noted Archaeologist Alexander Monteiro

FootballSaudi Arabia to Host FIFA World Cup 2034; Morocco, Portugal, Spain Set to Co-Host 2030 Edition

FootballCristiano Ronaldo Bicycle Kick Video: Al Nassr Star Sends Portugal to UEFA Nations League Quarterfinals 2024-25

Politics Realted Stories

MaharashtraDevendra Fadnavis on BJP-Congress Alliance in Maharashtra Civic Body Polls

MaharashtraRaj Thackeray Claims Evidence Against 65 Unopposed Mahayuti Candidates, MNS to Legal Action

MumbaiWho Is Tejasvee Ghosalkar? Shiv Sena UBT Leader and Former Corporator Joins BJP Ahead of BMC Polls

MaharashtraSanjay Raut Says Sena–MNS Already Together No Need Others Permission

MaharashtraBig Jolt to Sharad Pawar as Salil Deshmukh, Son of Anil Deshmukh, Quits NCP-SP