How Permanent is Transitory Inflation? – The Case of Portugal (July, 2022)
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How Permanent is Transitory Inflation? – The Case of Portugal (July, 2022)
Sonia Del Couz
Modified 4 Months ago.
Report
How Permanent is Transitory Inflation? – The Case of Portugal
15 mins.
22 JULY, 2022
ANALYSTS:
Beatriz
Cortez de Lobão
Leopoldo
Torralba
CATEGORIES:
Macro GlobalMonetary PolicyPortugalAER Portugal
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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:
What components weigh the most into Portuguese consumption?
What is the breakdown of the 8.7% inflation data disclosed?
What are the segments poised to face the largest price increases?
What can we infer from the recent evolution of MoM inflation?
What is driving surging inflation and where is it heading?
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