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null How Permanent is Transitory Inflation? – The Case of Portugal

How Permanent is Transitory Inflation? – The Case of Portugal
22 jul 2022
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Clock 15 mins.
CATEGORIAS: AER Global AER Portugal Portugal Macro Global Política monetaria
Beatriz Cortez de Lobão
Leopoldo Torralba
In June, consumers googled ‘inflation’ more often than at any time since the launch of Google Trends. In the face of surging economic uncertainty, inflation has indeed been its main driver. To this end, a continued monitoring of the situation is required to further gain an insight into its actual nature as well as to be able to accurately forecast its evolution. Based on the latest data released by the Portuguese National Statistics Institute, we have produced the chartbook 'How Permanent is Transitory Inflation? – The Case of Portugal' which attempts to provide an answer to the following questions:
dot What components weigh the most into Portuguese consumption?
dot What is the breakdown of the 8.7% inflation data disclosed?
dot What are the segments poised to face the largest price increases?
dot What can we infer from the recent evolution of MoM inflation?
dot What is driving surging inflation and where is it heading?
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