Portuguese Inflation Rate Rises 0.2% in December


In December of 2013, Portuguese annual inflation rate turned positive and rose 0.2 percent, after falling 0.2 percent in the previous two months, due to higher prices of health, food and alcoholic beverages.

The largest upward pressure on the overall annual rate came from increases in prices of health (3 percent, the same rate recorded in November), alcoholic beverages and tobacco (4.27 percent, slightly down from 4.48 percent in November) and food and non-alcoholic beverages (0.61 percent, up from 0.53 percent in the previous month).

The annual core inflation rate, measured by the CPI excluding energy and unprocessed food, was 0.2 percent in December (0.0 percent in November).

On a monthly basis, prices rose 0.4 percent (-0.2 percent in November of 2013 and 0.0 percent in December of 2012). The main upward contribution came from changes in transport cost. The largest downward pressure came from changes in prices of clothing and footwear. 

In December compared with November of 2013, the average value of rents by net area for the whole country increased 0.1 percent (0.2 percent in the previous month). The main increase was observed in the Centro region, where the value of rents by net area increased 0.2 percent. The most relevant decrease was recorded in the Algarve region (-0.2 percent).

 Portuguese Inflation Rate Rises 0.2% in December


INE | Joana Taborda | joana.taborda@tradingeconomics.com
1/13/2014 11:24:53 AM