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Financial News: Portugal December Inflation Rises; Consumer Confidence Fal

Portugal December Inflation Rises; Consumer Confidence Falls

01/02/2020 - 07:14:00 (RTTNews)

(RTTNews) - Portugal's consumer price inflation rose in December, while the consumer confidence decreased, data from Statistics Portugal showed on Thursday.

The consumer price index increased 0.4 percent year-on-year in December, following a 0.3 percent rise in November.

The core inflation index, which excludes energy and unprocessed food products components rose 0.4 percent in December, slower than 0.6 percent in the previous month.

On a monthly basis, consumer prices edged down 0.13 percent in December, following a 0.15 percent fall in the preceding month.

The EU measure of harmonized index of consumer prices, or HICP, rose 0.4 percent year-on-year in December , following a 0.2 percent climb in the prior month.

On a month-on-month basis, the HICP fell 0.3 percent in December, following a 0.7 percent decrease in the previous month.

Another data showed that the consumer confidence decreased to -7.2 in December from -6.9 in November.

The economic sentiment index remained unchanged at 2.1 in December.

The manufacturing confidence indicator rose to -4.3 in December and the construction sector morale improved to -11.6.

The index reflecting the morale in the trade sector and services sector decreased to 1.6 and 10.1, respectively, in December.

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