In November, consumer prices rose 0.2% over the previous month, half the 0.4% increase recorded in October. The increase was driven by higher prices for transportation (+0.6% month-on-month), as well as for alcoholic beverages and tobacco (+0.8% mom). These price increases were partially offset by lower prices for food and non-alcoholic beverages (-0.1% mom) as well as for recreation and culture (-0.2% mom). Annual inflation remains unchanged at 2.3% in November, which represents the highest rate of inflation since October 2008. Meanwhile, annual core inflation, which does not include the price of unprocessed food and energy, continued to rise, stepping up from 1.0% in October to 1.2% in November. Annual average harmonised inflation (based on the harmonised index of consumer prices) rose from 0.9% in October to 1.2% in November, which represented the ninth consecutive monthly increase.
Inflation remains unchanged in November
December 14, 2010
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Portugal Economic News
September 30, 2016
Portugal’s industrial production edged up in August after July’s drop.
September 29, 2016
The survey of consumer sentiment produced by the National Statistical Institute showed that the consumer confidence index inched up from minus 12.7 points in August to minus 11.3 points in September.
August 31, 2016
Portugal’s GDP increased a seasonally adjusted 0.3% in Q2 over the previous quarter, according to revised data published by the National Statistics Institute on 31 August.
August 30, 2016
Portugal’s industrial production edged down again in July after June’s rebound.
August 30, 2016
The survey of consumer sentiment produced by the National Statistical Institute showed that the consumer confidence index inched up from minus 13.1 points in July to minus 12.7 points in August.