Portugal October Inflation Rate at 5-Month Low of 1.0%

The annual inflation rate in Portugal is expected to fall to 1.0 percent in October of 2018 from 1.4 percent in September, a preliminary estimate showed. It is the lowest inflation rate since May, mainly pushed down by lower prices of unprocessed food products.
INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com 10/31/2018 10:07:56 AM
Higher prices for energy (7.28 percent vs 6.98 percent in September) should be offset by lower cost of unprocessed food products (-0.11 percent vs 1.04 percent).

Annual core inflation rate, which excludes enrgy and unprocessed food products components, is expected to ease to 0.6 percent from 0.9 percent in September.

On a monthly basis, consumer prices are set to be flat in October, following a 1.1 percent increase in the previous month.

The harmonized consumer price index is expected to rise 0.9 percent year-on-year (vs 1.8 percent in September); and to decrease 0.4 percent month-over-month (vs 1.5 percent in September).

Portugal October Inflation Rate at 5-Month Low of 1.0%