Portugal Inflation Rate Down to -0.2% in October

In October 2013, the annual inflation rate measured by the CPI decreased to -0.2 percent, 0.3 percentage points lower than the rate observed in the previous month. It is the lowest rate since November of 2009.

The largest downward pressure on the overall annual inflation rate came from prices of transports (-4.5 percent), followed by clothing and footwear (-2.8 percent), miscellaneous goods and services (-0.98 percent), and household equipment (-0.76 percent).

The biggest upward pressure came from changes in the prices of alcoholic beverages and tobacco (+4.15 percent), followed by cost of health (+3.19 percent), communication (+1.14 percent), and restaurants and hotels (+1.11 percent). Cost of food and non-alcoholic beverages decelerated to 0.48 percent, from 1.9 percent in the previous month.

The annual core inflation rate, measured by the CPI excluding energy and unprocessed food, was 0.2 percent (0.3 percent in September). The monthly rate was 0.0 percent (0.6 percent in September 2013). 

Portugal Inflation Rate Down to -0.2% in October

INE | Krisztina Györffy | krisztina@tradingeconomics.com
11/12/2013 11:31:47 AM