Monthly inflation picks up to 0.9%

Page created: Tuesday, 13 October 2015 9:53 GMT

CPI  Inflation  Prices
The inflation rate as measured by the Consumer Price Index recorded a 0.9% year-on-year increase in September, the National Institute of Statistics reported Monday.
This follows a trend of moderately rising prices stretching back to March and following a period of negative or null prices rises and represented a 0.2% rise on August.
The average inflation rate for the past twelve months stood at 0.3% and picking up from the 0.2% registered in August.
The Harmonised Consumer Price Index, enabling a comparison of shifting prices at the European level returned exactly the same figures for both September year-on-year and month-on-month on August and 0.1% higher than Eurozone average reported by Eurostat.
The Portuguese Institute added that underlying inflation, hence the total index excluding non-processed food products and energy, reported an annualised rise of 1.1%, up from 0.7% in August.
By class, the clothing and footwear category almost made it back into positive terrain in September and turning a 2.6% negative swing in August into a 0.2% decline in prices whilst transport went in the opposite direction with the August 0.8% fall in prices rising to a 3.3% shrinkage in transport costs, down 4% year-on-year.