In October, consumer prices rose 0.4% over the previous month, which followed on a 0.2% increase recorded in September. The monthly price increase mainly reflected higher prices for clothing and footwear (+4.0% month-on-month) and for education (+1.9% mom). These price increases were partially offset by lower prices for transportation (-0.1% mom) as well as for recreation and culture (-0.3% mom). Annual inflation stepped up from 2.0% in September to 2.3% in October, which represents the highest rate of inflation since October 2008. Meanwhile, annual core inflation, which does not include prices of unprocessed food and energy, jumped from 0.6% in September to 1.0% in October. Annual average HICP inflation (based on the harmonised index of consumer prices) rose from 0.6% in September to 0.9% in October, which represented the eighth consecutive monthly increase. Consensus Forecast panellists expect harmonised inflation to average 1.3% this year, which is up 0.1 percentage points from last month's forecast. For 2011, panellists expect inflation to average 1.5%.
Inflation rises in October
November 11, 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.