Portugal Deflation Confirmed for 3rd Month


Portugal's consumer prices fell 0.1 percent from a year earlier in September 2019, unrevised from the preliminary estimate and unchanged from the previous month. It was the third consecutive month of deflation.

Cost dropped for food & non-alcoholic beverages (-0.1 percent from a flat reading in August); housing & utilities (-0.1 percent, the same as in the previous month); restaurants & hotels (-0.6 percent vs 0.6 percent); recreation & culture (-1.4 percent vs 0.4 percent); clothing & footwear (-1.5 percent vs -5.1 percent); furniture & household equipment (-0.4 percent vs -0.1 percent) and communications (-3.9 percent vs -4.0 percent). Meantime, health prices slowed (0.7 percent vs 0.9 percent).

On the other hand, cost advanced faster for transport (0.3 percent vs 0.1 percent); miscellaneous gods & services (1.6 percent vs 1.5 percent) and alcoholic beverages & tobacco (1.9 percent vs 1.7 percent) while inflation was steady for education (at 1.4 percent)

Core consumer prices, which exclude prices of energy and unprocessed food products, rose 0.2 percent from a year earlier in September, unchanged from the previous month.

On a monthly basis, consumer prices rose 1.1 percent, after dropping 0.1 percent in August.

The harmonized consumer price index decreased 0.3 percent year-on-year (vs -0.1 percent in August) while it edged up 1.4 percent from a month earlier (vs -0.1 percent in August).

Portugal Deflation Confirmed for 3rd Month


INE | Rafael Gonzalez | rafael.gonzalez@tradingeconomics.com
10/10/2019 10:25:23 AM