Portugal Inflation Rate at 3-Month High of 0.9%

Consumer prices in Portugal are expected to increase 0.9 percent year-on-year in February of 2019, above 0.5 percent in January. It is the highest inflation rate in three months as cost of unprocessed food rose faster and energy prices fell at a slower pace, preliminary estimates showed.

Prices of unprocessed food are expected to increase 2.1 percent (0.5 percent in January) and cost of energy is seen falling 0.8 percent (-2.3 percent in January).

Annual core inflation rate, which excludes prices of energy and unprocessed food products is expected to increase to 1 percent from 0.8 percent in January.

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

The harmonized consumer price index is likely to rise 0.9 percent year-on-year (vs 0.6 percent in January) and to decrease 0.3 percent month-over-month (-1.3 percent in January).

Portugal Inflation Rate at 3-Month High of 0.9%

INE | Joana Taborda | joana.taborda@tradingeconomics.com
2/28/2019 10:06:23 AM