Inflation rises again in July

By TPN/Lusa, in News · 16-08-2018 10:29:00 · 0 Comments

The consumer price index (CPI) rose to 1.6 percent in July, more than the same month a year earlier, a slight acceleration compared with a 1.5 percent growth in June.

On a month-on-month basis, inflation was -0.6 percent and the last 12 months average remained with 1.1 percent, a similar index registered in the previous month, the National Statistics Institute (INE) said.
The underlying inflation (which excludes energy and unprocessed food products) registered a 1 percent annual rate, a similar figure to June.
Meanwhile, the harmonised index of consumer prices ( HICP) increased to 2.2 percent year-on-year, 0.2 percentage points higher than in the previous month and 0.1 percentage points lower than Eurostat’s estimate for the eurozone (in June, there was no difference.)

Housing rents increased 2.1 percent in July, higher than the previous month by 0.2 percentage points. INE added that “Lisbon registers a more intense increase (2.7 percent).
And for the same timeframe, the average value of housing rent per square metre registered a monthly variation of 0.2 percent (similar value to the previous month), making Algarve the “region with the highest monthly variation”, INE stated.


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