Portuguese Inflation Rate Up to 0.9% in September

Consumer prices in Portugal increased by 0.9 percent year-on-year in September of 2015, following a 0.7 percent growth in August. It was the highest level since May this year, as cost of food and furnishings rose at a faster pace.

Year-on-year, prices of food and non-alcoholic beverages increased by 2 percent (+1.7 percent in August) and cost of furnishings and household equipment went up 1.2 percent (+1.1 percent in August). Additional upward pressure came from: Communication (+5.5 percent); alcoholic beverages and tobacco (+4.3 percent); restaurants and hotels (+1 percent); and miscellaneous goods and services (+1 percent). By contrast, prices of transportation (-1.1 percent); recreation and culture (-0.5 percent); housing and utilities (-0.2 percent) and clothing and footwear (-0.2 percent) declined.

The annual core inflation rate, which excludes energy and unprocessed food products, was recorded at 1.1 percent (+0.7 percent in the previous month).

On a monthly basis, consumer prices rose 0.8 percent, after declining 0.3 percent last month. Cost of clothing and footwear rose while transport prices continued to fall.

The harmonized consumer price index increased by 0.9 percent year-on-year and by 0.7 percent compared to August.

Portuguese Inflation Rate Up to 0.9% in September

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/12/2015 12:10:31 PM