INE confirms inflation slowdown to 3.0% in July

Statistics Portugal (INE) released data on Wednesday confirming that the year-on-year inflation rate in Portugal slowed to 3.0% in July. This figure aligns with the previously released flash estimate and represents a decrease from the 3.2% inflation rate recorded in the previous month.

The deceleration of the inflation rate provides updated economic data regarding price trends in the country, reflecting a modest easing in the pace of price growth over the measured period.