Portugal Inflation Rate Hits 15-Month High in July

Annual inflation rate in Portugal is expected to increase to 1.6 percent in July 2018 from 1.5 percent in the previous month, a preliminary reading showed. It is the highest rate since April 2017.

Inflation should pick up for both energy (7.8 percent vs 7.5 percent in June) and unprocessed food products (1.4 percent vs 1.2 percent).

Annual core inflation rate, which excludes energy and unprocessed food products components, is expected to stay at 1 percent in July, unchanged from the previous month's six month high.

On a monthly basis, consumer prices are set to decline 0.6 percent in July, following a 0.1 percent gain in June.

The harmonized consumer price index is expected to advance 2.2 percent year-on-year (vs 2 percent in June); and to fall 0.4 percent month-over-month (vs flat reading in June).

Portugal Inflation Rate Hits 15-Month High in July

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/31/2018 8:51:39 AM