New data Inflation Rate YoY (Nov)
11/29/2024
actual 2.5, previous 2.3
On November 29, 2024, at 09:30 (UTC time), Portugal released its Inflation Rate Year-on-Year (YoY) data for the month of November. The actual inflation rate was 2.5%, which was a 0.2% increase from the previous period. This economic indicator measures the percentage change in the price of goods and services compared to the same period the previous year.The event had a low impact on the market, as the actual inflation rate met the market expectations (estimate was also 2.5%). A YoY inflation rate of 2.5% indicates a moderate level of price increase in the Portuguese economy. This data is important for policymakers, investors, and analysts to assess the overall economic health and make informed decisions regarding monetary policy, investments, and business operations in Portugal.
Overall, the slight increase in the inflation rate suggests a stable but slightly growing economy in Portugal.
This is not investment advice. Remember to verify the information provided here.
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