Portugal May Inflation Rate Picks Up to 4-Month High

Inflation rate in Portugal is expected to rise to 1.0 percent year-on-year in May of 2018, up from 0.4 percent in April and reaching the highest since January, the preliminary estimates showed. The increase in consumer prices mainly reflected the dissipation of basis effect associated to Easter and the recent evolution of fuel prices.

Annual core inflation rate, which excludes energy and unprocessed food products components, is expected to rise to 0.6 percent from 0.2 percent in April.

On a monthly basis, consumer prices are set to went up 0.4 percent, easing from 0.7 percent in the previous month, the preliminary figures showed.

The harmonized consumer price index is expected to advance 1.4 percent year-on-year (compared to 0.3 percent in April) and 0.8 percent month-over-month (compared to 1.0 percent in April).

Portugal May Inflation Rate Picks Up to 4-Month High

INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/30/2018 8:52:06 AM