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.

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

INE | Gabriela Costa | gabriela.costa@tradingeconomics.com
11/30/2018 9:44:41 AM