Portugal Inflation Rate at 0% in November

Portuguese consumer prices were flat in November of 2014 from a year earlier, the same as in October. Downward pressures came mainly from lower transport cost.

The largest downward pressures came from prices of transport (-1.84 percent) and recreation and culture (-1.72 percent). Increases in cost of housing, water, electricity, gas and other fuels (+2.4 percent), restaurants and hotels (1.44 percent) and alcoholic beverages and tobacco (3.13 percent) led to an opposite effect.  

Annual core inflation rate, which excludes energy and unprocessed food, was 0.3 percent in November, up from 0.2 percent in the previous month.  

On a monthly basis, consumer prices fell 0.2 percent, following a 0.3 percent increase in October. 

The harmonised index rose 0.1 percent year-on-year.

Portugal Inflation Rate at 0% in November

INE | Joana Taborda | joana.taborda@tradingeconomics.com
12/11/2014 11:53:48 AM