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