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