Prices in Portugal Rise for the First Time in 13 Months


Consumer prices in Portugal increased 0.31 percent year-on-year in March of 2015, after declining 0.21 percent in the previous month as cost of restaurants and hotels, and communication rose the most.

Compared to March of 2014, prices of hotels and restaurants increased by 1.98 percent and communication by 3.63 percent. Additional upward pressure came from: food and non-alcoholic beverages (+0.29 percent); housing, water, electricity, gas and other fuels (+0.32 percent); furnishings and household equipment (+0.76 percent); health (+0.59 percent); alcoholic beverages, tobacco and narcotics (+2.60 percent); and education (+0.54 percent).

Price decreases were reported for: transport prices (-0.26 percent); miscellaneous goods and services (-0.61 percent); recreation and culture (-0.93 percent); and clothing and footwear (-1.99 percent).

On a monthly basis, consumer prices surged by 1.89 percent, after declining 0.07 percent in February and 1.41 percent in January. While cost of clothing and footwear went up by 27.26 percent and transport by 2.38 percent; prices of alcoholic beverages, tobacco and narcotics fell 0.16 percent.

Prices in Portugal Rise for the First Time in 13 Months


INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/13/2015 12:13:33 PM