Inflation in Portugal exceeded the EU average in July to hit 9.4% from 8.9% in June.
This is according to the EU’s statistics department Eurostat which released the inflation figures for the Eurozone.
It is the country with the ninth lowest inflation rate of all the Eurozone countries, but nevertheless was still above the European average rate.
Looking back to one year ago in July 202,1 before the Ukraine invasion crisis and when government measures across the EU was artificially propping up economies against the worst effects of the Covid-19 pandemic, inflation was 2.5% in Portugal.
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