Consumer prices in Portugal continued to rise in October by 10.1% over one year, the largest increase since May 1992, the National Institute of Statistics (Ine) announced on Friday.
Inflation thus continued to rise in October, after rising by 9.3% over one year in September and by 8.9% in August.
It is mainly explained by the increase in energy prices, which jumped 27.6% last month, after 22.2% in September.
Natural gas prices soared 151.8% year-on-year, compared to a 47.8% rise in September, the statistics office said.
The prices of unprocessed foodstuffs also continued to increase in October, by 18.9% over one year, "
the strongest increase since June 1990
", underlined Ine.
Over one month, prices increased by 1.2%, identical to that of the previous month.
The harmonized price index, which allows comparison with other countries in the euro zone, rose by 10.6% year on year, against 9.8% in September.
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Like other European countries, in September Portugal unveiled a package of measures to deal with inflation aimed at households and businesses, totaling 5.6 billion euros.
In its draft budget for 2023, the Portuguese government expects inflation of 7.4% in 2022 and 4% in 2023. More pessimistic, the European Commission forecasts inflation for Portugal of 8% this year and 5.8 % next year, according to its economic forecasts unveiled on Friday, marked by a sharp increase in inflation expected in the euro zone for 2022 (8.5%) and 2023 (6.1%).
