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Portugal Consumer Price Decline Slows In August

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Portugal Consumer Price Decline Slows In August

Portugal’s consumer price decline slowed in August, flash data from Statistics Portugal showed on Friday.

The consumer price index fell 0.1 percent year-on-year in August, following a 0.3 percent drop in July.

The core CPI , which excludes energy and unprocessed food products components rose 0.2 percent monthly in August, following a 0.1 percent fall in July.

On an annual basis, core CPI declined 3.5 percent in August, following a 2.8 percent fall in the preceding month.

On a month-on-month basis, consumer prices fell 0.1 percent in August, following a 1.3 percent decline in the previous month.

The EU measure of harmonized index of consumer prices, or HICP, fell 0.1 percent annually in August, following a 0.7 percent decrease in the prior month.

Separate data from the statistical office showed that the industrial production declined 3.5 percent year-on-year in July, following a 5.5 percent decrease in June.

On a monthly basis, industrial production grew 3.5 percent in July, after a 4.7 percent drop in the preceding month.

Another data from Statistics Portugal showed that the retail sales increased 4.7 percent year-on-year in July, following a 4.2 percent rise in June.

On a month-on-month basis, retail sales remained unchanged in July after a 1.2 percent decline in the previous month.

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