Portugal Inflation Rate Down To 1.5% In May

Consumer prices in Portugal increased 1.5 percent year-on-year in May of 2017, easing from a 2 percent rise in April. Inflation slowed mostly for transport and restaurants and hotels after rising in April due to the Easter holidays.
INE | Joana Taborda | joana.taborda@tradingeconomics.com 6/12/2017 10:50:06 AM
Year-on-year, prices rose at a slower pace for transport (1.1 percent from 4.6 percent in April); restaurants and hotels (4.9 percent from 5.7 percent); housing and fuels (0 percent from 0.2 percent); health (0.5 percent from 0.7 percent); recreation and culture (2.2 percent from 2.7 percent) and alcoholic beverages and tobacco (3 percent from 3.3 percent).

In contrast, prices rose faster for food and non-alcoholic beverages (2.1 percent from 2 percent); communication (3.3 percent from 3.1 percent) and miscellaneous goods and services (1.1 percent from 0.4 percent). Cost fell less for clothing and footwear (-1.8 percent from -2 percent) and accessories, household equipment and house maintenance (-0.2 percent from -0.5 percent).

Annual core inflation, which excludes energy and unprocessed food products, fell to 1.2 percent from 1.7 percent in the previous month. 

On a monthly basis, consumer prices went down 0.2 percent, following a 1 percent rise in April, mainly due to a 2.4 percent drop in transport cost. 

The harmonized consumer price index increased by 1.7 percent year-on-year and fell by 0.3 percent from the previous month.

Portugal Inflation Rate Down To 1.5% In May