Portugal Inflation Rate Slows Slightly


Consumer prices in Portugal rose 0.7 percent year-on-year in August of 2015, easing from a 0.8 percent rise in the previous two months, due to lower clothing and footwear and transport prices.

The highest downward pressure came from cost of clothing and footwear (-2.65 percent in August from -2.86 percent in July) and transport (-1.83 percent in August from -0.42 percent in July). 

Upward pressure came from prices of food and non-alcoholic beverages (1.71 percent in August from 1.53 percent in July), alcoholic beverages and tobacco (4.36 percent in August from 4.97 percent in July) and communications (4.96 percent in August from 4.98 percent in July).

On a monthly basis, consumer prices fell 0.3 percent, following a 0.7 percent drop in July, mainly driven by a 6 percent decrease in cost of clothing and footwear (-14.1 percent in the previous month). In fact, clothing and footwear is having a negative impact in the inflation rate since last year as law restrictions that defined the seasonal discount period (usually during the summer and the winter) were abandoned. 

The harmonized index fell 0.1 percent from July to August, but rose 0.5 percent year-on-year. 

Portugal Inflation Rate Slows Slightly


INE | Joana Taborda | joana.taborda@tradingeconomics.com
9/10/2015 11:32:29 AM