The inflation continues unstoppable in March and already reaches a rate of 9.8% compared to the same month of the previous year, 2.2 points above those registered in February (7.6%) and the highest since 1985, according to the National Institute of Statistics (INE).
These data practically double the Funcas forecasts for the year 2022, which marked an increase of 3.7% and, in the worst case scenario, predicted increases of up to 5% in the first quarter of the year, very distant figures.
The increase in the Consumer Price Index (CPI) is mainly due to the increase in the costs of most of its components, especially electricity, fuel and fuels, as well as food and non-alcoholic beverages that had already been increasing for 13 months, but have escalated even more due to the invasion of Ukraine.
"73% of this increase is due to the impact of the invasion of Ukraine on the prices of energy and unprocessed food", according to sources from the Ministry of Economic Affairs.
As for core inflation, which does not include fresh food or energy, it registered a rebound of four tenths in March, to stand at 3.4%, the highest since September 2008.
From the Ministry they insist that it is necessary to launch the National Response Plan as soon as possible approved last Tuesday, which "will allow to reverse this upward trend, stop the increase in costs to companies and families and start in the short term the reduction of inflation to more moderate levels".
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