Portugal Inflation Rate at 2-1/2-Year High


Consumer prices in Portugal increased 1 percent year-on-year in May of 2015. It is the highest rate since December of 2012 driven by food and transport prices.

The main contributors to the rise in the CPI were food and non-alcoholic beverages (up 2.07 percent), transport, (up 1.04 percent, the first increase in eight months), alcoholic beverages and tobacco (up 5.07 percent) and communications (up 3.58 percent). In contrast, downward pressure came from prices of clothing and footwear (down 2.54 percent) and recreation and culture (down 0.82 percent). 

On a month-over-month basis, prices increased 0.4 percent, following a 0.3 percent rise in April. Transport accounted the most for the rise, up 1.3 percent.

Portugal Inflation Rate at 2-1/2-Year High


Joana Taborda | joana.taborda@tradingeconomics.com
6/11/2015 11:23:33 AM