Portugal Inflation Rate Lowest in 8 Months

The annual inflation rate in Portugal is expected to decrease to 0.68 percent in December of 2018 from 0.86 in the previous month, a preliminary estimate showed. It is the lowest inflation rate since April, mainly due to lower prices of energy.

Lower prices for energy (1.48 percent vs 4.74 percent in November) should be partially offset by a slightly rise in the cost of unprocessed food products (0.85 percent vs 0.58 percent).

Annual core inflation rate, which excludes energy and unprocessed food products components, is expected to increase to 0.57 percent from 0.49 percent in November.

On a monthly basis, consumer prices are set to decline 0.22 percent in December, following a 0.45 percent drop in the previous month.

The harmonized consumer price index is likely to rise 0.6 percent year-on-year (vs 0.9 percent in November) and to decrease 0.4 percent month-over-month (vs a 1 percent fall in November).

Portugal Inflation Rate Lowest in 8 Months

INE | Agna Gabriel | agna.gabriel@tradingeconomics.com
1/4/2019 9:47:25 AM