Portugal holiday costs show mixed trends in July

consumer price index tourism inflation travel costs hospitality sector domestic flights

Data released by the National Institute of Statistics (INE) shows mixed trends in holiday-related costs for July. While some sectors saw price increases, others experienced significant declines, impacting the Consumer Price Index (CPI).

Organized holiday packages saw a sharp increase of 10.61% from June to July, contributing 0.061 points to the monthly CPI variation. Additionally, prices in restaurants, cafes, and similar establishments with full service rose by 0.67%, contributing 0.041 points to inflation.

Conversely, the hospitality and domestic aviation sectors saw price drops. Accommodation costs, including hotels and motels, fell by 1.36%, contributing -0.041 points to the CPI. Domestic air passenger transport saw a particularly notable decrease of 20.14% compared to June.

Entities

National Institute of Statistics

Sources

Inflação das férias. Preços dos pacotes de viagens e restaurantes sobem, mas dos voos e hotéis descem [eco.sapo.pt]

4 days ago

Inflação das férias. Preços dos pacotes de viagens e restaurantes sobem, mas dos voos e hotéis descem [sapo.pt]

4 days ago