Portugal Inflation Rate Steady at 0.4% in March

Consumer prices in Portugal increased 0.4 percent year-on-year in March of 2016, the same as in the previous month. The monthly rate accelerated to 1.9 percent, the highest figure in 26 years.

Year-on-year, biggest downward pressure came from prices of food and non-alcoholic beverages (-0.7 percent from -0.6 percent in February) and transport (-1.4 percent from -1.3 percent). Cost of miscellaneous goods and services increased at a slower rate (0.9 percent from 1.1 percent in February), housing and utilities grew at the same pace (0.6 percent) while cost otf restaurant and hotels (1.8 percent from 0.2 percent) and alcoholic beverages and tobacco (4.4 percent from 4 percent) increased more.

On a monthly basis, consumer prices surged 1.9 percent, the first rise in five months and the highest figure since February of 1990. A 27.6 percent jump in cost of clothing and footwear was the main contributor to the increase while cost of recreation and culture made the highest downward pressure (prices fell 0.6 percent).

The core index which excludes food and energy accelerated to 1 percent from 0.9 percent in February. The monthly rate increased 2.2 percent. 

The harmonized consumer price index increased by 0.5 percent year-on-year and 2.2 percent on the month.

Portugal Inflation Rate Steady at 0.4% in March

Joana Taborda | joana.taborda@tradingeconomics.com
4/12/2016 11:36:08 AM