Portugal Inflation Rate Confirmed at 1.4% in September



The annual inflation rate in Portugal edged up to 1.4 percent in September 2018 from a 3-month low of 1.2 percent in the previous month and matching the preliminary estimate. The biggest upward pressures came from prices of transport and restaurants & hotels.

Year-on-year, prices advanced faster for transport (4.62 percent vs 4.00 percent in August); restaurants & hotels (3.30 percent vs 1.11 percent); miscellaneous goods & services (0.57 percent 0.48 percent) and housing & utilities (2.66 percent vs 2.65 percent), of which rents (2.3 percent vs 2.2 percent). 

On the other hand, cost slowed for food & non-alcoholic beverages (0.84 percent vs 0.90 percent); recreation & culture (0.35 percent vs 0.49 percent); health (1.19 percent vs 1.22 percent) and alcoholic beverages & tobacco (2.15 percent vs 2.40 percent). Additionally, prices declined further for clothing & footwear (-3.60 percent vs -2.46 percent) and furniture & household equipment (-0.35 percent vs -0.31 percent).

Annual core inflation, which excludes energy and unprocessed food products components rose to 0.9 percent, in line with the preliminary figure, from 0.6 percent in the preceding month. 

On a monthly basis, consumer prices went up 1.1 percent as initially estimated, following a 0.3 percent fall in August, as cost rebounded for both clothing & footwear (18.81 percent vs -5.59 percent) and restaurants & hotels (2.51 percent vs -1.84 percent).

The harmonized consumer price index increased by 1.8 percent year-on-year (1.3 percent in August) and rose by 1.5 percent month-over-month, rebounding from a 0.7 percent drop in the prior month.

Portugal Inflation Rate Confirmed at 1.4% in September


INE | Gabriela Costa | gabriela.costa@tradingeconomics.com
10/11/2018 11:28:50 AM