Connect with us

Economy

The northern region has been hit the hardest by rising food prices

Published

on

The northern region has been hit the hardest by rising food prices

Food products occupy more than 20% in the consumer basket. Lisbon suffers the most from the cost of energy, with the North just behind it.

The inflation rate in Portugal, measured in September this year compared to the same month in 2021, jumped to a three-decade high of around 9.3%, the National Statistical Institute (INE) said yesterday, thus confirming its first estimate made at the end of September. September.

But the national rate has different grips. On Thursday, INE detailed inflation data on the various impacts of cost-of-living increases by region, by type of consumption, etc. Records were broken here too.

The northern region is the most affected in the country by the rise in prices in terms of the costs associated with the final consumption of essential goods. In the North, the average food price rose by 17.7% in just the year to September last year. The national average is 16.4%. The second most expensive region is the Lisbon metropolitan area, where food inflation is 16.6%.

It should be noted that the group labeled “food and non-alcoholic beverages” has the highest weight in the standardized basket used to calculate the consumer price index (CPI). This costs about 22% of the expense in question.

In regions with higher density of poverty and inequality, the weight of food consumption obviously tends to absorb most of the expenditures of households and final consumers.

See also  "Tesla Killer" arrives in Portugal for 49,900 euros.

Energy also weighs

So the higher inflation here, the greater the pressure on families to put families in increasingly difficult situations in managing their current budgets.

The other CPI item that carries the most weight is, of course, energy commodities, which include light, gas, diesel, gasoline and heating fuel.

End-users in Greater Lisbon are the hardest hit, with annual inflation in this class of 23.9% in September.

The northern region appears to have been hit hard, lagging by a few tenths, with annual inflation of 23.1% and above the national average of about 22.2% in energy, according to INE.

There are clear signs that regions with more tourism and people in transit could be plagued by sharper price increases.

With a heading nationally outpacing inflation measured in September, it’s no surprise that “restaurants and hotels”: according to INE, prices rose almost 18% year-on-year in this industry group. This is almost twice the average inflation in the country (9.3% mentioned above).

Shortly speaking. Portugal is currently registering an inflation that already exceeds 9%. The Lisbon metropolitan area leads this globally with a superlative of 9.9%. In the north of the country, the overall increase in prices will be 9.4%.

The least affected regions, albeit with high inflation in the history of the last decades of the euro, are the Azores (6.4%) and Alentejo (7.6%).

Given the existing price dispersion, it is clear that the averages on which government budgets are based can be distortive or serve one less than the other.

See also  N'Gunu Tiny in talks to buy Jornal Económico and weekly newspaper Novo - Media

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Tesla announces another recall of 80,000 vehicles, and some even have to be recalled

Published

on

Imagem Tesla recall

Tesla cars suffered this year a large number of requests for “collection”better known as the process revoke🇧🇷 Trouble again and 80,000 vehicles in China will be recalled. If many of recalls was an easy decision as it was over the air (OTA) it really obliges the owners to take the car to the workshop.

In fact, this year, many millions of Tesla electric vehicles received revoke for fixes.

Many of the reviews are related to issues resolved via OTA.

Whenever there is a safety issue, the NHTSA must issue a "safety recall", even if the car manufacturer does not have to physically recall any vehicles, leading to some confusion.

Once again last month, Tesla's "1 Million Vehicles" collection of vehicles generated a lot of news as the impact on drivers was almost negligible considering the update only changed via OTA the software that runs the car system. to work with windows.

These cases have prompted Tesla CEO Elon Musk to complain about the term "recall = collection" and how it is being used in the media against Tesla. Today The American company again announced new collections in China about 80,000 cars.

13,000 Tesla electric vehicles have seat belt problems

The recall includes 67,698 imported Model S and Model X vehicles with a battery-related software issue, according to Chinese authorities. Again, the fix is ​​a simple software update. Nonetheless, this time there is also a physical collection due to the problem with the seat belt in approximately 13,000 Model 3 vehicles: 2,736 imported and 10,127 made in China.

over 20 recalls there were many collections in 2022. However, Tesla is not the only automaker to be hit by major recalls this year. OUR Ford also just confirmed that it is recalling another half a million vehicles. due to fire hazards, and many car manufacturers have also recalled millions of vehicles this year.

In any case, the fact that the vast majority of calls from electric brand a quick fix with over-the-air (OTA) software updates — rather than taking cars back to the dealership like other car manufacturers — shows that Tesla's level of connectivity to its cars is a huge advantage in the industry.

The software update system (OTA) allows the buyer to fix many problems easily and conveniently, and for Tesla itself means big money savings.

See also  Villa with pool or penthouse. Nearly eight out of ten people travel to Idealista to dream of a luxury home - O Jornal Económico
Continue Reading

Economy

Lidl wants to dominate the fast-charging market for electric vehicles at affordable prices

Published

on

Estação de carregamento, no Lidl, aberta 24 horas por dia

One of the EU’s goals for electric vehicles is to guarantee charging points so that tram drivers don’t have to worry about being on the road when they travel. To meet this need and dominate this market, Lidl intends to offer affordable prices.

We may soon see this initiative in more supermarkets.


Despite being a supermarket chain, Lidl has been guaranteeing electric vehicle charging stations in its stores for some time. However, a new journey has now begun, the launch of the first ultra-fast charging station, which has the distinction of guaranteeing a price well below what can be found on the market.

With this new equipment, in addition to the aesthetic aspects, Lidl takes on technical and cost commitments, guaranteeing the best on the market. After all, she not only placed the charger in her supermarkets, but also created, in turn, a space with protection for vehicles, users and chargers, in an area open 24/7 (i.e. 24 hours a day, 7 days in Week). . . .

This provides better visibility of the infrastructure and reduces the risk of internal combustion engine vehicles occupying space reserved for electric vehicles.

Lidl bets on affordable charging points

The first station will be installed in a Lidl supermarket near the French city of Lyon. The space is equipped with five charging points ranging from 22 to 360 kW. Thus, each client will be able to choose the one that best suits his needs.

For example, a 22 kW charger has a competitive cost of 25 cents per kWh. When we move to more powerful stations of 90, 180 or 360 kW, the price becomes 40 cents higher per kWh.

The strategy adopted by Lidl in some of its stores is already rolling out to other countries, such as Germany, where the supermarket chain is installing its first fast-charging stations, with 150kW stations priced at 48 cents per kWh.

Read also:

See also  Villa with pool or penthouse. Nearly eight out of ten people travel to Idealista to dream of a luxury home - O Jornal Económico
Continue Reading

Economy

European Stock Markets Fall, Interest Rates Rise, Oil Rebounds – Markets in a Minute

Published

on

Europe is turning green.  Oil and gold down.  Percentage Increases - Markets Per Minute

Euribor climbs three and six months to new highs in almost 14 years

Euribor rates rose today to new highs since early 2009 at three and six months and fell at 12 months.

The six-month Euribor rate, most used in Portugal for home loans and entering positive territory on June 6, rose today to 2.374%, plus 0.006 points, the highest since January 2009.

The six-month average Euribor rose from 1.596% in September to 1.997% in October.

The six-month Euribor has been negative for six years and seven months (from November 6, 2015 to June 3, 2022).

The three-month Euribor, which entered positive territory for the first time since April 2015 on July 14, also rose today, setting a new high since February 2009 at 1.922% plus 0.014 points.

The three-month Euribor was negative between 21 April 2015 and 13 July last year (seven years and two months).

The three-month average Euribor rose from 1.011% in September to 1.428% in October.

On the other hand, over a 12-month period, Euribor fell today, settling at 2.860%, down 0.019 points from Thursday, after rising to a new high since January 2009 of 2.879% on Thursday.

After rising to 0.005% on April 12, positive for the first time since February 5, 2016, the 12-month Euribor has been in positive territory since April 21.

The average Euribor rate for 12 months increased from 2.233% in September to 2.629% in October.

Euribor began to rise more significantly from February 4, after the European Central Bank (ECB) admitted that it could raise key interest rates this year due to rising inflation in the eurozone, and the trend accelerated with the start of the Invasion of Ukraine on February 24.

See also  Tesla Shares Fall More Than 4% After Investigation Of Autopilot System - O Jornal Económico

On October 27, to curb inflation, the ECB raised three key interest rates by 75 basis points, the third consecutive increase this year, after raising three interest rates by 50 basis points on July 21. growth after 11 years, and on September 8 by 75 basis points.

Changes in Euribor interest rates are closely linked to increases or decreases in ECB key interest rates.

Three-, six- and 12-month Euribor rates hit record lows respectively: -0.605% on December 14, 2021, -0.554% and -0.518% on December 20, 2021.

Euribor is set on the basis of the average rate at which a group of 57 Eurozone banks are willing to lend money to each other in the interbank market.

Portuguese

Continue Reading

Trending