Annualised inflation rate climbs to 1.2% in May
According to INE, the year-on-year rate of change of the Consumer Price Index (CPI) rose by 1.2% in May, up 0.6 points in April.
The year-on-year rate of change of the Consumer Price Index (CPI) rose by 1.2% in May, up 0.6 points in April, according to a flash estimate released today by Statistics Portugal (INE).
According to the INE, the underlying inflation indicator (total index, excluding unprocessed food and energy products) registered a variation of 0.6%, compared to 0.1% in April.
The year-on-year rate of change in the energy products index was 9.9% (against 8.1% in the previous month), while the unprocessed foodstuffs index registered a change of -0.1% (against -1.1% in April).
Compared to the previous month, the CPI had a variation of 0.2% (in April, the monthly variation was 0.4%, and in May 2020, it had been -0.4%).
The Harmonised Index of Consumer Prices (HICP), in turn, registered a year-on-year change of 0.4% (-0.1% in the previous month).
The final figures for the May CPI will be published on June 14.
