Transportes, alimentos e alojamento explicam mais de dois terços da inflação

In Portugal, over two-thirds of the current 3.8% inflation rate is attributed to rising costs in transportation, food, and accommodation. The energy price surge directly impacts transportation costs and indirectly affects food prices and restaurant services. According to the National Institute of Statistics, transportation contributed 1.2 percentage points to inflation in October, followed by accommodation and food services at 0.9 and 0.5 points, respectively. Energy prices rose by 17.4% year-on-year, exacerbating inflation in these sectors. A recent drop in fuel prices may lead to a more favorable inflation trend in November. The harmonized consumer price index in Portugal stands at 3.9%, slightly below the eurozone average of 4%.