Portugal Inflation Rate Steady at 0.9% in July



Portuguese consumer prices increased 0.9 percent year-on-year in July of 2017, the same pace as in the previous month. It remains the lowest inflation rate since December last year. Cost rose faster for food and miscellaneous goods and services; recovered for housing and utilities while slowed for transport.

Year-on-year, prices rose faster for: food & non-alcoholic beverages (0.3 percent vs 0.2 percent in June); miscellaneous goods & services (0.9 vs 0.8 percent); recreation & culture (2.5 percent vs 2.1 percent);   restaurants & hotels (3.7 percent vs 3.5 percent); health (0.6 percent vs 0.5 percent); alcoholic beverages & tobacco (2.3 percent vs 2.2 percent); communication (3.7 percent vs 3.6 percent) and education (0.9 percent vs 0.8 percent). In addition, cost recovered for housing & utilities (0.5 percent vs -0.2 percent). 

On the other hand, prices slowed for transport (1.1 percent vs 1.5 percent) and declined for clothing & footwear (-2.5 percent vs -1.6 percent) and furnishings & household equipment (-0.8 percent vs -0.6 percent). 

Annual core inflation rate, hich excludes energy and unprocessed food products components, edged down 1 percent from 1.1 percent in June.

On a monthly basis, consumer prices fell 0.7 percent compared to a 0.4 percent fall in June.

The harmonized consumer price index increased by 1 percent year-on-year and fell by 0.6 percent from the previous month.

Portugal Inflation Rate Steady at 0.9% in July


INE |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/10/2017 10:38:03 AM