Portugal Inflation Rate Eases to 0.9% in November

The annual inflation rate in Portugal is expected to edge down to 0.94 percent in November of 2018 from 0.96 percent in October, a preliminary estimate showed. It is the lowest inflation rate since April, mainly due to lower prices of energy.
INE | Gabriela Costa | gabriela.costa@tradingeconomics.com 11/30/2018 9:44:41 AM
Lower prices for energy (4.88 percent vs 7.26 percent in October) should be partially offset by a rebound in the cost of unprocessed food products (0.74 percent vs -0.11 percent).

Annual core inflation rate, which excludes energy and unprocessed food products components, is expected to increase to 0.56 percent from 0.45 percent in October.

On a monthly basis, consumer prices are set to decline 0.37 percent in November, following a 0.09 percent drop in the previous month.

The harmonized consumer price index is expected to rise 1.0 percent year-on-year (vs 0.8 percent in October) and to decrease 0.9 percent month-over-month (vs a 0.5 percent drop in October).

Portugal Inflation Rate Eases to 0.9% in November