Portugal Inflation Rate Steady at 0.4% in June

The annual inflation rate in Portugal came in at 0.4 percent in June of 2019, unchanged from the previous month and remaining the lowest level since April of 2018, preliminary estimates showed. Energy cost is seen falling while prices of unprocessed food should rise further, preliminary estimates showed.

Prices must fell for energy (-2.4 percent from a flat reading in May) while those of unprocessed food (1 percent from 0.4 percent) are seen rising slightly faster.

Annual core inflation rate, which excludes prices of energy and unprocessed food products is expected to advance to 0.6 percent in June from 0.5 percent in the prior month.

On a monthly basis, consumer prices are set to be flat, following a 0.1 percent gain in May.

Harmonized consumer prices likely increased 0.7 percent year-on-year, above 0.3 percent in May and are seen rising 0.4 percent month-over-month after a 0.3 percent gain in May.

Portugal Inflation Rate Steady at 0.4% in June

INE | Agna Gabriel | agna.gabriel@tradingeconomics.com
6/28/2019 8:55:01 AM