Inflation rises from 2.5% in November to 3.0% in December.

The prices of more volatile goods, such as food and energy, registered a rate of 2.8% in December, accelerating from the previous month's 2.6%.

According to the INE, the year-on-year variation of the index related to energy products rose to 4.9%, more than doubling compared to the 2.1% recorded in the previous month. The variation of the index referring to unprocessed food products increased to 3.4%, after being 1.9% in November.

"These two aggregates presented the most relevant contributions to the total CPI acceleration," highlights the INE, quoted on the news website.

On a monthly basis, INE data indicates that the inflation rate was 0.1% in December. In November, this variation was negative, at -0.2%, and in December 2023 it was -0.4%.

On the other hand, the average inflation rate for the last 12 months stood at 2.4% in December, slightly above the 2.3% recorded in the previous month.

The Portuguese Harmonized Index of Consumer Prices (HICP) recorded a year-on-year variation of 3.1%, higher than the 2.7% of the previous month, according to INE data.

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