Portugal: Inflation is stable in June
Latest reading: Harmonized consumer prices rose 3.1% in annual terms in June, stable from the prior month’s reading.
Relative to the prior month’s figures, there were higher price pressures for recreation (+1.6% in annual terms vs +0.3% in May) and restaurants and hotels (+4.5% vs +3.1% in May). In contrast, there were reduced price pressures for food and non-alcoholic beverages (+2.9% vs +3.3% in May) and transportation (+5.3% vs +6.1% in May). Finally, the variation in housing and utilities prices was the same as in the prior month (+3.6% in June and May).
Meanwhile, consumer prices were up 3.2% in June, following a 3.3% increase in the previous month.
Lastly, harmonized consumer prices rose 0.10% in June on a month-on-month basis, following a 0.42% rise in the previous month.