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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.