Inflation will continue to set many prices in the coming year, even if the escalation slows in the coming months. The consumer price index reached 9.1% in July, compared to the same month in 2021, the highest record in nearly 30 years (since November 1992) Highlight the National Institute of Statistics (INE) in a quick estimate Which will be validated on August 10.

Annual inflation and average inflation in the past 12 months – which was 4.7% in July – serve as a reference for calculating the annual update of various prices such as fees and rents, but also for a wide range of social benefits. , from pensions to allowances and benefits calculated on the basis of the IAS (Index of Social Support). The annual development of these two types of social benefits is the result of the combination of two indicators that will have the largest increase this year in recent decades (since the beginning of the millennium): average inflation for the last 12 months and average growth of the economy in the last two years.

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