Portugal October Inflation Rate at 5-Month Low of 1.0%

The annual inflation rate in Portugal is expected to fall to 1.0 percent in October of 2018 from 1.4 percent in September, a preliminary estimate showed. It is the lowest inflation rate since May, mainly pushed down by lower prices of unprocessed food products.

Higher prices for energy (7.28 percent vs 6.98 percent in September) should be offset by lower cost of unprocessed food products (-0.11 percent vs 1.04 percent).

Annual core inflation rate, which excludes enrgy and unprocessed food products components, is expected to ease to 0.6 percent from 0.9 percent in September.

On a monthly basis, consumer prices are set to be flat in October, following a 1.1 percent increase in the previous month.

The harmonized consumer price index is expected to rise 0.9 percent year-on-year (vs 1.8 percent in September); and to decrease 0.4 percent month-over-month (vs 1.5 percent in September).

Portugal October Inflation Rate at 5-Month Low of 1.0%

INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
10/31/2018 10:07:56 AM