The rise in prices in Portugal accelerated in September, according to the quick estimate released this Friday by the National Institute of Statistics. THE The year-on-year inflation rate jumped to 9.3%, compared to 8.9% registered in August (also year-on-year). And the Highest inflation rate since October 1992 and it comes in a European context where inflation has officially reached double digits.

Even discounting energy and fresh food prices, so-called “core inflation” rose from 6.5% to 6.9%, the highest since February 1994.

According to INE calculations, which are still provisional, energy price inflation stands at 22.2%, still 1.8 percentage points below the year-on-year variation recorded the previous month. In the case of fresh foods, the interannual variation accelerated: 16.9% compared to 15.4% in the previous month.

Source: INE

“Compared to the previous month, the variation in the CPI will have been 1.2% (-0.3% in August and 0.9% in September 2021)”, adds the INE.

The Portuguese Harmonized Consumer Price Index (HICP), which serves as a European comparison, will have registered a year-on-year variation of 9.8% (9.3% in the previous month).

Eurozone inflation reaches 10% for the first time

The indicator, which the INE will calculate definitively on October 13, comes on the day that Eurostat confirmed that the inflation rate in the euro zone reached two digits for the first time in the history of the monetary union.

Among the different countries, inflation in the Netherlands was reported to have jumped to 17%, and it had already been known since Thursday that the rate of price increase had reached double digits (10%) in Germany, for the first time in 70 years. .