Portugal Inflation Rate Rises to 1.1%

Consumer prices in Portugal increased 1.1 percent year-on-year in August of 2017, above 0.9 percent in July and reaching the highest in three months. A rise in transport prices was the main driver of the increase in the CPI. Core inflation which excludes food and energy increased to 1.3 percent from 1 percent in July.

Year-on-year, prices rose faster for food and nonalcoholic beverages (0.37 percent compared to 0.31 percent); transport (1.73 percent compared to 1.09 percent); housing and utilities (0.65 percent compared to 0.51 percent); miscellaneous goods and services (1.12 percent compared to 0.86 percent) and restaurants and hotels (3.91 percent compared to 3.68 percent). In addition, prices fell less for clothing and footwear (-1.7 percent compared to -1.9 percent).

On a monthyl basis, consumer prices were flat, following a 0.7 percent frop in July. 

The harmonized consumer price index increased 1.3 percent year-on-year and 0.2 percent from the previous month.

Portugal Inflation Rate Rises to 1.1%

INE | Joana Taborda | joana.taborda@tradingeconomics.com
9/12/2017 10:35:55 AM