Portugal Inflation Rate at 14-Month High of 1.6%

Inflation rate in Portugal is expected to increase to 1.6 percent in June of 2018 from 1 percent in the previous month. It was the highest inflation rate since April of 2017, preliminary estimates showed.

Annual core inflation rate, which excludes energy and unprocessed food products components, is expected to rise to 1 percent from 0.6 percent in May.

On a monthly basis, consumer prices are set to increase 0.1 percent, easing from 0.4 percent in the previous month, according to the preliminary figures.

The harmonized consumer price index is expected to advance 2 percent year-on-year (compared to 1.4 percent in May) and 0.1 percent month-over-month (compared to 0.8 percent in May).

Portugal Inflation Rate at 14-Month High of 1.6%

INE | Agna Gabriel | agna.gabriel@tradingeconomics.com
6/29/2018 9:32:57 AM