Portugal Inflation Rate Falls to 0.4% in January

Consumer prices in Portugal are expected to rise 0.4 percent year-on-year in January of 2019, below 0.7 percent in December. It is the lowest inflation rate since April, amid a fall in energy prices, preliminary estimates showed.

Cost of energy is seen falling 2.23 percent (+1.42 percent in December) while prices of unprocessed food increased 0.44 percent (0.85 percent in December).

Annual core inflation rate, which excludes prices of energy and unprocessed food products is expected to increase to 0.7 percent from 0.6 percent in December.

On a monthly basis, consumer prices are set to decline 1.2 percent, following a 0.2 percent drop in the previous month.

The harmonized consumer price index is likely to rise 0.5 percent year-on-year (vs 0.6 percent in December) and to decrease 1.3 percent month-over-month (vs a 0.4 percent fall in December).

Portugal Inflation Rate Falls to 0.4% in January

INE | Joana Taborda | joana.taborda@tradingeconomics.com
1/31/2019 9:50:08 AM