Financial News: Portugal Inflation Confirmed At 4-Month Low, Trade Deficit

Portugal Inflation Confirmed At 4-Month Low, Trade Deficit Narrows

03/12/2025 - 10:33:00 (RTTNews)

(RTTNews) - Portugal's consumer price inflation moderated slightly as initially estimated in February to the lowest level in four months, the latest report from Statistics Portugal showed on Wednesday.

Separate official data showed that the trade deficit dropped in January as exports grew faster than imports.

Consumer price inflation eased to 2.4 percent in February from 2.5 percent in January. That was in line with the flash data published on February 28.

Core inflation that excludes energy and unprocessed food products also moderated to 2.5 percent in January from 2.7 percent in the prior month.

The annual price growth in energy products moderated to 1.5 percent from 2.4 percent. Meanwhile, costs for food products rose at a faster pace of 2.4 percent. Communication costs rose only 0.3 percent, which was 5.5 percent in January.

On a monthly basis, consumer prices dropped 0.1 percent versus a 0.5 percent decline in the previous month, as estimated.

The EU measure of inflation eased to 2.5 percent in February from 2.7 percent in the previous month. In the flash report, the rate of increase was 2.4 percent.

Another piece of data showed that Portugal's foreign trade deficit narrowed to EUR 1.698 billion in January from EUR 1.875 billion in the corresponding month last year. Exports showed an annual growth of 11.7 percent, and imports were 8.4 percent higher.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Cyprus January Trade Gap Widens (02 hr(s), 08 min(s), 41 sec(s) ago)
(RTTNews) - Merchandise trade deficit of Cyprus widened in January from a year ago with both expor ...Full Story»

Ten-Year Note Auction Attracts Modestly Above Average Demand (03 hr(s), 05 min(s), 41 sec(s) ago)
(RTTNews) - The Treasury Department announced the results of this month's auction of $39 billi ...Full Story»

U.S. Crude Oil Inventories Rise Less Than Expected (05 hr(s), 58 min(s), 41 sec(s) ago)
(RTTNews) - A report released by the Energy Information Administration on Wednesday showed crude o ...Full Story»

Portugal Inflation Confirmed At 4-Month Low, Trade Deficit Narrows (06 hr(s), 02 min(s), 41 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation moderated slightly as initially estimated in F ...Full Story»

Bank Of Canada Cuts Interest Rates By Another 25 Basis Points (06 hr(s), 24 min(s), 41 sec(s) ago)
(RTTNews) - With inflation close to the 2 percent target, the Bank of Canada on Wednesday announce ...Full Story»

U.S. Consumer Prices Rise Less Than Expected In February, Annual Growth Slows (06 hr(s), 44 min(s), 41 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Wednesday showed consumer prices in the U ...Full Story»

Brazil Inflation Rises To 5.06%, Highest In 17 Months (07 hr(s), 01 min(s), 41 sec(s) ago)
(RTTNews) - Brazil's consumer price inflation accelerated in February to the highest level in ...Full Story»

India Industrial Output Grows 5.0% (07 hr(s), 53 min(s), 41 sec(s) ago)
(RTTNews) - India's industrial production growth accelerated at the start of the year, data fr ...Full Story»