Portuguese Inflation Rate Drops in November

In November of 2013, Portugal’s annual CPI fell 0.2 percent after decreasing by the same rate in October and mainly affected by a drop in transport costs.

The largest downward pressure on the overall annual rate came from transport cost that fell 3.47 percent over a year earlier. On the opposite side, the largest upward pressure came from health prices (3 percent).

The annual core inflation rate, measured by the CPI excluding energy and unprocessed food, slowed to 0.0 percent in November (0.2 percent in October). 

From October to November, prices fell 0.2 percent, down from 0.0 percent a month earlier, mainly due to lower transport prices. The main upward pressure came from communication cost.  

In November compared with October, the average value of rents for the whole country increased 0.2 percent (change rate of -0.1 percent in the previous month). The main increase was observed in the Lisboa region, where the value of rents increased 0.4 percent. The most relevant decrease was recorded in the Madeira region (-0.2 percent).

Portuguese Inflation Rate Drops in November

INE | Joana Taborda | joana.taborda@tradingeconomics.com
12/11/2013 11:22:47 AM