Portugal Inflation Rate Slows to 1.2% in August

Portugal's annual inflation rate is expected to ease to 1.2 percent in August 2018 from a 15-month high of 1.6 percent in the previous month, a preliminary reading showed.

Inflation should slow for both energy (7.4 percent vs 7.7 percent in July) and unprocessed food products (1.1 percent vs 1.3 percent).

Annual core inflation rate, which excludes energy and unprocessed food products components, is expected to fall to 0.6 percent in August from 1 percent in the previous month.

On a monthly basis, consumer prices are set to decline 0.3 percent in August, following a 0.6 percent drop in July.

The harmonized consumer price index is expected to advance 1.3 percent year-on-year (vs 2.2 percent in July); and to fall 0.7 percent month-over-month (vs -0.4 percent in July).

Portugal Inflation Rate Slows to 1.2% in August

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/31/2018 8:53:03 AM