Portugal Consumer Prices Confirmed Flat in October


Consumer prices in Portugal were unchanged from the previous year in October 2019, after a 0.1 percent decrease in the previous month and in line with market expectations.

Prices rebounded for food & non-alcoholic beverages (0.5 percent from -0.1 percent in September) and restaurant & hotels (0.6 percent from -0.6 percent) while inflation was steady for health (at 0.7 percent) and miscellaneous goods & services (at 1.6 percent). Meanwhile, alcoholic beverages & tobacco slowed to 1.5 percent in October from 1.9 percent in the prior month.

On the other hand, cost fell for transport (-0.5 percent from 0.3 percent) and education (-0.4 percent from 1.4 percent). Prices dropped further for housing & utilities (-0.2 percent from -0.1 percent); clothing & footwear (-1.8 percent from -1.5 percent) and furniture & household equipment (-0.5 percent from -0.4 percent) while prices of communication decreased 3.9 percent (the same as in September) and recreation & culture cost edged down 0.1 percent (from -1.4 percent).  

Core consumer prices, which exclude prices of energy and unprocessed food products, rose 0.3 percent from a year earlier in October, accelerating from a 0.2 percent gain in the previous month.

On a monthly basis, consumer prices showed no growth, after dropping 0.1 percent in September.

The harmonized consumer price index decreased 0.1 percent year-on-year (vs -0.3 percent in September) while it edged down 0.4 percent from a month earlier (vs 1.4 percent in September).

Portugal Consumer Prices Confirmed Flat in October


INE | Agna Gabriel | agna.gabriel@tradingeconomics.com
11/13/2019 11:37:48 AM