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12.06.202510:44:21UTC+00Portugal Inflation Rate Confirmed at 3-Month High of 2.3%

In May 2025, Portugal's annual inflation rate reached a three-month peak, confirmed at 2.3%, slightly up from April’s rate of 2.1%. This rise was driven by higher costs in unprocessed food (4.01%), processed food (1.11%), and energy (0.11%). When categorizing expenses, the most significant year-over-year increases were observed in restaurants and hotels (6.14%), housing and utilities (4.16%), food and non-alcoholic beverages (2.55%), recreation and culture (3.72%), and education (3.41%). The core inflation index, which excludes energy and unprocessed food, was recorded at 2.2%, marginally under the preliminary figure of 2.3%, but still up from April's 2.1%. On a monthly scale, consumer prices increased by 0.3% in May, a bit lower than the earlier estimate of 0.4%, following a 0.7% rise in the preceding month.

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