Portugal April inflation Rate Confirmed at Near 2-Year Low


The Portuguese inflation rate eased to 0.4 percent year-on-year in April of 2018, matching the preliminary estimate and below 0.7 percent in March. It was the lowest inflation rate since May 2016. Prices rose less mainly for transport and restaurants & hotels while fell for recreation & culture, clothing & footwear and furnishings.

Year-on-year, inflation slowed for: transport (0.8 percent vs 1.9 percent in March); restaurants & hotels (0.1 percent vs 2.5 percent); health (1.0 percent vs 1.1 percent) and communications (0.4 percent vs 0.5 percent). Also, prices advanced at the same pace for miscellaneus goods & services (1 percent) and education (1.2 percent). Meantime, cost went down for recreation & culture (-0.6 percent vs 0.8 percent); clothing & footwear (-3.7 percent vs -4.4 percent) and furnishings (-0.4 percent vs -0.1 percent).

In contrast, inflation picked up for food & non-alcoholic beverages (0.9 percent vs 0.3 percent); housing & utilities (1.6 percent vs 1.4 percent) and alcoholic beverages & tobacco (2.3 percent vs 1.2 percent).

Annual core inflation rate, which excludes energy and unprocessed food products, eased to 0.2 percent in April from 0.8 percent in the previous month and reaching its lowest since October 2014.

On a monthly basis, consumer prices went up by 0.7 percent in April, in line with the first estimate and compared to a 1.9 percent gain in March.

The harmonized consumer price index increased by 0.3 percent year-on-year (0.8 percent in March) and inched up by 1.0 percent from the previous month (2.2 percent in March).

Portugal April inflation Rate Confirmed at Near 2-Year Low


INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/11/2018 11:54:21 AM