Portugal Consumer Prices Fall for 3rd Straight Month


Consumer prices in Portugal dropped 0.1 percent year-on-year in September 2019, the same pace as in the previous month, preliminary estimates showed. It is the third consecutive months of deflation, as energy cost should decline at a faster pace, according to flash estimates.

Prices are seen declining faster for energy (-3.9 percent vs -3.5 percent in August) while unprocessed food should become slightly more expensive (0.6 percent vs 0.5 percent).

Core consumer prices, which excludes prices of energy and unprocessed food products, are expected to increase 0.2 percent, the same pace as in the preceding month.

On a monthly basis, consumer prices are set to rise 1.1 percent, following a 0.1 percent decrease in August.

Harmonized consumer prices likely decreased 0.3 percent year-on-year (vs -0.1 percent in August) and are seen increasing 1.4 percent month-over-month (vs -0.1 percent in August).

Portugal Consumer Prices Fall for 3rd Straight Month


INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/30/2019 9:10:51 AM