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Financial News: Portugal Consumer Prices Fall As Estimated

Portugal Consumer Prices Fall As Estimated

06/12/2020 - 07:58:00 (RTTNews)

(RTTNews) - Portugal's consumer prices fell in May, as initially estimated, latest data from Statistics Portugal showed on Friday.

The consumer price index declined 0.7 percent year-on-year in May, following a 0.2 percent fall in April, as estimated.

The core CPI, which excludes energy and unprocessed food products components, fell 0.4 percent in May, following a 0.2 percent decline in the previous month, as initially estimated.

On a monthly basis, consumer prices fell 0.4 percent in May, after a 0.3 percent increase in the preceding month, as estimated.

The EU measure of harmonized index of consumer prices, or HICP, decreased 0.6 percent annually in May, following a 0.1 percent fall in the prior month, as initially estimated.

On a month-on-month basis, the HICP fell 0.2 percent in May, after a 0.8 percent increase in the preceding month, as estimated.

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