Portugal Inflation Rate Rebounds Further in April


Consumer prices in Portugal rose 0.40 percent year-on-year in April of 2015, after increasing 0.31 percent in March as cost of food products and alcoholic beverages and tobacco accelerated.

Compared to April 2014, prices of food and non-alcoholic beverages increased by 1.18 percent (+0.29 percent in March) and alcoholic beverages and tobacco by 4.04 percent (+2.60 percent in the previous month). Additional upward pressure came from: housing, water, electricity, gas and other fuels (+0.50 percent); restaurants and hotels (+1.89 percent); furnishings and household equipment (+0.64 percent); health (+0.50 percent); communication (+3.55 percent); and education (+0.49 percent).

Price decreases were reported for: transport prices (-1.40 percent); miscellaneous goods and services (-0.02 percent); recreation and culture (-1.40 percent); and clothing and footwear (-2.44 percent).

Core inflation was recorded at 0.47 percent, down from 0.62 percent in the previous month.

On a monthly basis, consumer prices grew at a slower 0.32 percent, after jumping 1.89 percent last month. While cost of food and non-alcoholic beverages went up by 0.26 percent and transport by 0.29 percent; prices of recreation and culture fell 0.13 percent.

Portugal Inflation Rate Rebounds Further in April


INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/13/2015 11:58:42 AM