Tbased on the information already collected, the year-on-year rate of change in the Consumer Price Index (IPC) will have increased to 2.3% in March 2024a rate higher by 0.2 percentage points (pp) than observed in the previous month, INE announced this Thursday.
The underlying inflation indicator – total index excluding unprocessed food and energy products – recorded a variation of 2.5% (2.1% in the previous month).
The variation in the index for energy products increased to 4.8% (4.3% in the previous month) while the index for unprocessed food products decreased to -0.5% (0.8% in February), partially as a result of the base effect associated with the price increase recorded in March 2023 (monthly variation of 1.5%).
Compared to the previous month, the IPC variation was 2.0% (zero in February and 1.7% in March 2023).
An average variation in the last twelve months is estimated at 2.9% (3.3% in the previous month).
The Portuguese Harmonized Consumer Price Index (HIPC) recorded a year-on-year variation of 2.6% (2.3% in the previous month).
The definitive data regarding the IPC for the month of March 2024 will be published on April 10th.
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Eighth consecutive year Consumer Choice for Online Press and elected product of the year 2024.
* Study by e Netsonda, Nov. and ten. 2023 product of the year – pt.com
