Portugal's consumer price inflation accelerated in March to the highest level in seven months amid higher fuel costs, flash data from Statistics Portugal showed on Tuesday.
Separate official data showed that industrial production declined for the first time in four months in February.
The consumer price index rose 2.7 percent annually in March, faster than the 2.1 percent increase in February. Moreover, this was the highest inflation rate since August 2025, when it was 2.8 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.