Portugal Consumer Prices Fall As Estimated

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Portugal’s consumer prices declined in November, as initially estimated, final data from Statistics Portugal showed on Monday.

The consumer price index fell 0.2 percent year-on-year in November, following a 0.1 percent decline in October, as estimated.

The core CPI, which excludes energy and unprocessed food products, fell 0.2 percent in November, following a 0.1 percent decline in the previous month.

On a monthly basis, consumer prices decreased 0.3 percent in November, after a 0.1 percent increase in the previous month, in line with the initial estimate.

The EU measure of harmonized index of consumer prices, or HICP, fell 0.4 percent annually in November, after a 0.6 percent decline in the prior month, as estimated.

On a month-on-month basis, the HICP declined 0.5 percent in November, following a 0.1 percent fall in the preceding month, as initially estimated.

The material has been provided by InstaForex Company – www.instaforex.com

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