In August, inflation in Portugal accelerated by three tenths, ending the relief seen in the previous two months. This acceleration represents a reversal of the downward trend that had occurred in June and July.
The National Statistics Institute (INE) explains that this acceleration is "almost entirely explained by the increase in diesel prices". Fuel was thus the main driver of the rise in the consumer price index in August.
In the opposite direction, underlying inflation remained stable during this period. This data contrasts with what had been predicted in the flash estimate previously released, which pointed to a different variation.
The INE thus confirmed the figures it had initially presented in its flash estimate, now specifying the factors that contributed to the evolution of inflation in August.
