Statistics confirm 0.1% price fall year-on-year

By TPN/Lusa, in News · 15-09-2019 12:00:00 · 0 Comments
Statistics confirm 0.1% price fall year-on-year

Portugal’s Consumer Price Index (CPI) fell in August 0.1% compared to the same month in 2018, after having retreated 0.3% in July, Statistics Portugal have said.

According to the definitive data published by Statistics Portugal, this change is due in part to the recovery of prices of restaurants and hotels, with, in the opposite direction, a more significant reduction in fuel prices in August than the previous month.

Underlying inflation (which excludes unprocessed food and energy) recorded a year-on-year change of 0.2% in August, 0.3 percentage points higher than in July.

This data coincides with the rapid estimate of consumer prices published by Statistics Portugal on 31 August.


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