In December, consumer prices rose 0.3% over the previous month, above the 0.2% increase recorded in November and the 0.1% rise tallied in December 2009. As a result, annual inflation inched up to 2.5% in December (November: +2.3% year-on-year), which represents the highest rate of inflation since October 2008. The monthly price rise was driven by higher transportation costs (+2.2% month-on-month), as well as by higher prices for alcoholic beverages and tobacco (+0.9% mom). These price increases were partially offset by lower prices for clothing and footwear (-0.9% mom) and for health (-2.0% mom). Meanwhile, annual core inflation, which does not include the price of unprocessed food and energy, dropped from 1.2% in November to 1.0% in December. Annual average HICP inflation (based on the harmonised index of consumer prices) rose for the 10th consecutive month, inching up from 1.2% in November to 1.4% in December, the highest level since May 2009.
Inflation rises to highest level in more than two years
January 12, 2011
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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
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August 30, 2016
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August 30, 2016
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