INFLATION: Support package to be announced for families

Inflation in Portugal exceeds double digits

Inflation in Portugal has now exceeded double digits. According to the latest figures released today by INE (national statistics insitute), inflation in October reached 10.2%. This is almost a full percentage point higher than the figures of 9.3% inflation given by INE in September. Today’s announcement is what is known as a preliminary estimate, but this does not mean INE will have got its sums wrong.