Portugal’s national statistics institute confirmed an acceleration of the inflation rate to 3.3% in August. This represents an increase of 0.3 percentage points compared to the rate recorded in July. The National Statistics Institute (INE) attributes this acceleration almost entirely to a rise in diesel prices. The report indicates that the increase in fuel costs was the primary driver of the overall inflationary pressure during the month. Further details regarding the specific impact of the diesel price hike were not immediately available. This inflationary increase will likely be closely monitored by economists and policymakers in Portugal. The data confirms a shift in the country's economic landscape regarding energy costs.