FX.co ★ Portuguese CPI Sees Slight Dip in April 2024, Data Shows

The latest data on the Portuguese Consumer Price Index (CPI) for April 2024 shows a slight decrease compared to the previous month. In March 2024, the CPI stood at 2.3%, but in April 2024, it dropped slightly to 2.2%. The year-over-year comparison indicates a subtle shift in consumer prices in Portugal.

The update on the CPI was made available on April 30, 2024, providing insights into the country's inflation trends. The CPI is a crucial indicator of the average change in prices over time for a fixed basket of goods and services, reflecting the inflation rate experienced by consumers. While the decrease from March to April is minimal, it contributes to the overall understanding of economic movements in Portugal, influencing government policies and consumer behavior alike.