Portugal Inflation Rate Eases To 0.6% In November

Consumer prices in Portugal increased by 0.6 percent year-on-year in November of 2016, easing from a 0.9 percent growth in October. Prices increased at a slower pace for restaurants and hotels, transports and recreation and culture. In negative side, costs of clothing and health decreased.

Year-on-year, prices rose at a slower pace for restaurants and hotels (+1.8 percent compared to +4.2 percent); recreation and culture (+1.2 percent from +2.6 percent) and transports (+0.7 percent from +0.9 percent). Additional upward pressure came from: food and non-alcoholic beverages (0.5 percent, the same as in the previous month) and housing, water, electricity, gas and other fuels (+0.3 percent from +0.2 percent). In contrast, prices declined for clothing and footwear (-1.36 percent from -1.44 percent) and health (-0.62 percent from -0.60 percent).

The annual core inflation rate, which excludes energy and unprocessed food products components, was recorded at 0.5 percent compared to 0.7 percent in the previous month.

On a monthly basis, consumer prices fell 0.5 percent, following a 0.3 percent gain last month.

The harmonized consumer price index increased by 0.5 percent year-on-year and declined -1.0 percent from the previous month.

Portugal Inflation Rate Eases To 0.6% In November

INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
12/13/2016 12:37:24 PM