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Portugal: Fourth month of deflation

Page created: Thursday, 12 June 2014 17:10 GMT

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Consumer price Index  Inflation  Prices

Prices fell again in May, down 0.4% compared with the same month last year, quadrupling the 0.1% drop seen in April and brining the annual average for the past 12 months to just 0.1%, the Portuguese National Statistics Institute (INE) said on Thursday.

May was the fourth month in a row when the Consumer Price Index (CPI) has been negative.
The INE noted that the drop was “clearly due to food and soft drinks, which had fallen 2.3% over the past year (-0.9% in April).

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On the other side of the balance was housing, water, electricity, gas and other fuels which had gone up 2.2% in May, “mainly influenced by the rents paid by tenants for their main homes”.
Alcohol and tobacco also went up 2.1% and 1.6% in May, respectively.

PD/ADB // ADB.