Portugal June Inflation Rate Revised Lower to 1.5%


The annual inflation rate in Portugal stood at 1.5 percent in June 2018, revised from a preliminary reading of 1.6 percent and compared with the previous month's 1 percent. It was the highest rate since December as cost of most products increased.

Main upward pressure came from: food & non-alcoholic beverages (1.2 percent vs 0.7 percent in May); transport (4.1 percent vs 3.8 percent); housing & utilities (2.3 percent vs 2 percent); miscellaneous goods & services (0.6 percent vs 0.3 percent); and restaurants & hotels (3.8 percent vs 2.9 percent). In addition, recreation and culture prices were unchanged (vs -0.7 percent in May) and clothing & footwear deflation eased (-2.7 percent vs -3.3 percent).
Annual core inflation rate, which excludes energy and unprocessed food products, rose to 1 percent in June from 0.6 percent in May, matching the preliminary estimate.
On a monthly basis, consumer prices edged up 0.1 percent in June as previously estimated, following a 0.4 percent gain in May. An increase in transport prices (0.7 percent vs 0.5 percent) was partly offset by a decline in cost of clothing & footwear (-1.3 percent vs unchanged).
The harmonized consumer price index increased by 2 percent year-on-year (vs 1.4 percent in May) and was unchanged month-over-month (vs 0.8 percent in May).

Portugal June Inflation Rate Revised Lower to 1.5%


INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/11/2018 3:04:16 PM