The consumer price index was unchanged in October, having a 1.0% increase on the same month of 2017, which has marked a slowdown from the 1.4% year-on-year rate witnessed in September.
Portugal’s consumer price index was unchanged in October, for a 1.0% increase on the same month of 2017, which marked a slowdown from the 1.4% year-on-year rate seen in September, the National Statistics Institute (INE) estimated on Wednesday.
The year-on-year rate of the underlying indicator (the total index excluding unprocessed food and energy products) was estimated at 0.6%, down from 0.9% in September.
The index for energy products is estimated to be up 7.3% in October, following a 7.0% year-on-year increase in September, according to the INE.
The unchanged IPC in October, follows a 1.1% month-on-month increase in September; in October 2017 the month-on-month increase had been 0.3%.
Average annual consumer price inflation for the last 12 months was 1.1%, down 0.1 percentage point from September’s average rate.
The INE’s estimate for Portugal’s harmonized consumer price index (for comparison with other European Union member states) points to a year-on-year rate of 0.9%, down from 1.8% in September.
The definitive data for prices in October are to be released on 13 November.