News Karnataka
Friday, September 30 2022
Europe

Portugal registers highest inflation increase in 37 years

Portugal inflation
Photo Credit :

Lisbon: The Portuguese consumer price index (CPI) recorded an increase in inflation of 1.9 percentage points from March to April 2022, marking the “biggest difference between two consecutive months since January 1985,” the National Statistics Institute (INE) has said.

“Since the beginning of 2022, the year-on-year rate of change of the CPI has shown a significant acceleration,” the INE was quoted by Xinhua news agency as saying.

The categories that showed the largest increases were food and non-alcoholic beverages, housing, water, electricity, gas, and other fuels, home accessories, domestic equipment, and current housing maintenance, transport, communications, leisure, recreation and culture, restaurants and hotels and miscellaneous goods and services.

According to INE, the largest increase was in education, as a result of increases in tuition fees.

On the other hand, the unemployment rate dropped to 5.9 per cent in the first quarter of 2022, 0.4 percentage points lower than in the previous quarter, and 1.2 percentage points lower than in the same quarter of 2021.

Meanwhile, between January and March the number of unemployed people in Portugal was estimated at 308,400.

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp