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    Home > Food News > Food Articles > Portugal has the fifth highest food inflation rate in the Eurozone

    Portugal has the fifth highest food inflation rate in the Eurozone

    • Last Update: 2022-12-29
    • Source: Internet
    • Author: User
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    According to the latest data released by Eurostat, Portugal's food prices rose by 16.
    2% in October, higher than the euro average and the highest since
    1997.
    The average food inflation rate in the eurozone is 13.
    1%.

    Food inflation in the Baltic countries of the eurozone has exceeded 20%.

    In addition to food, energy commodities are also the biggest contributor
    to the rise in inflation in Portugal.
    However, contrary to the food situation, energy prices in Portugal rose below the average
    for eurozone countries.
    In October, energy inflation in Portugal rose by 27.
    6% year-on-year, compared with an average increase of 41.
    5%
    in the Eurozone.
    Energy prices in the Netherlands rose the most, up 99.
    7%
    year-on-year.
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