Portugal ended last year with an inflation rate of 1.9% and was one of nine countries that were below the euro average.

The data revealed by Eurostat confirms the quick estimate it had released two weeks ago.

It was already expected that the prices of goods and services that we consume on a daily basis would accelerate due to the base effect and the end of some government support to mitigate the impact of inflation.

With an annual inflation rate of 1.9%, Portugal was below the euro average, alongside Denmark (0.4%), Belgium (0.5%), Italy (0.5%), Latvia ( 0.9%), Netherlands (1.0%), Finland (1.3%), Lithuania (1.6%) and Cyprus (1.9%). Czechia recorded the highest rate at 7.6%.

Eurostat highlights that, in relation to November, the annual inflation rate fell in 15 member states of the European Union, stabilized in one country and rose in another 11. In the EU, inflation stood at 3.4%, plus 0.3 percentage points compared to the previous month.