Portugal: August inflation falls as consumer prices rise 0.7% on year

Page created: Monday, 12 September 2016 15:13 GMT

Inflation  Prices

Lisbon, Sept. 12 (Lusa) – Portugal’s consumer price index (CPI) in August was down 0.2% on the month and up 0.7% on the year – an inflation rate one tenth of a percentage point higher than that for July, according to the latest report from the National Statistics Institute (INE).

According to INE’s figures the underlying inflation index, which excludes prices for unprocessed food and energy, in August was 0.6% (down from 0.8% the previous month).

The monthly variation in the CPI was -0.2% (-0.7% in July and -0.3% in August 2015), while the average rate for the last 12 months remained unchanged at 0.6%.