Consumer prices fall 0.4% in November; year-on-year rate slows to 0.9%

  • ECO News
  • 30 November 2018

Consumer Price Index (CPI) increased by 0.9% in November, which represents a slowdown from the 1.0% rate in October.

Portugal’s consumer price index fell 0.4% in November, but was up 0.9% from November of 2017, representing a slowdown from the 1.0% rate in October, according to the flash estimate released by the National Statistics Office (INE) on Friday.

The estimated year-on-year rate for underlying inflation (the index excluding unprocessed and food products and energy) was 0.6% in November, up from 0.4% in October, INE said.

The year-on-year rate in the price index for energy products slowed to 4.9% in November from 7.3% in October.

In October the overall consumer price index was down 0.1% from September.

The Harmonised Index of Consumer Prices (HICP) – calculated for comparison with the figures from other European Union countries – is estimated in November to have been up 1.0% from a year earlier, marking an acceleration from October’s HIPC rate of 0.8%.

The definitive data for November is to be released on 12 December. As for Eurostat, it will release data on CPI in the member states on the 17th of December.