Portugal Inflation Rate Unchanged at -0.4%


Portuguese consumer prices decreased by an annual 0.4 percent in June of 2014, the same rate recorded in the previous month, as prices of food and non-alcoholic beverages fell again.

The largest downward pressure on the overall annual inflation rate came from prices of food and non-alcoholic beverages which fell 2.53 percent in June, following a 2.33 percent drop in May. Increases in prices of housing, water, electricity, gas and other fuels (2.32 percent in June from 2.15 percent in May) and alcoholic beverages and tobacco (2.88 percent vs 2.14 percent) led to an opposite effect.  

On a monthly basis, consumer prices rose 0.1 percent, rebounding from a 0.1 percent fall in May. The main upward contribution came from transport prices, while cost of clothing, footwear and communications fell.  

The harmonized annual inflation increased slightly to -0.2 percent in June, from -0.3 percent in May and the monthly rate was recorded at 0.1 percent.  

Portugal Inflation Rate Unchanged at -0.4%


INE | Joana Taborda | joana.taborda@tradingeconomics.com
7/10/2014 12:56:30 PM