Portuguese Inflation Rate Slows to 0.1% in September

In September, Portugal's annual inflation rate measured by the CPI decreased by 0.1 p.p. to 0.1 percent, comparing with the rate observed in the previous month. The slowdown was mainly due to falling costs for clothing, footwear and transport.

The largest downward pressure on the overall annual rate of change came from changes in prices of transport (-3.7 percent), followed by clothing and footwear costs (-2.1 percent), household equipment (-0.5 percent) and recreation and culture (-0.1 percent). 

The biggest upward pressure came from alcoholic beverages and tobacco (+3.5 percent), food prices (+1.9 percent) and restaurants and hotels (+1.5 percent).

The annual core inflation rate in September, measured by the CPI excluding energy and unprocessed food, was 0.3 percent (0.0 percent in August). The CPI monthly rate was 0.6 percent (-0.7 percent in August 2013).

Portuguese Inflation Rate Slows to 0.1% in September

INE | Nuno Fontes | nuno@tradingeconomics.com
10/10/2013 11:21:10 AM