Consumer Price Index up 0.9% in February

  • Lusa
  • 28 February 2019

Annual CPI rate, which looks at the underlying inflation level, increased by 0.9% in February. In monthly terms, however, it has fallen 0.2%, the National Statistics Institute (INE) shows.

The annual rate of the Portuguese Consumer Price Index (CPI) rose by 0.9% in February, an uptick compared with a 0.5% rise in January, Portugal’s national statistics institute said on Thursday.

“The estimated annual rate of the underlying inflation (excluding energy and unprocessed food products) stood at 1.0% (0.8% in the previous month),” according to the institution’s estimate.

As for “the annual rate of the energy product index, it increased from -2.3% in January to -0.8% in February.”

In monthly terms, however, the CPI has fallen 0.2% as the institute pointed out that “in January, the figure was -1.2% and in February 2018 it was -0.7%.”

In other words, it estimated “an average variation in the last twelve months of 1.0%, 0.1 percentage points more than in the preceding month.”

The Harmonised Consumer Price Index (HCPI) “recorded an annual variation of 0.9% (0.6% in January),” the institute said.

The definitive data on February’s CPI is to be published on 12 March, the institute announced.