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Financial News: Portugal Inflation Rises In February

Portugal Inflation Rises In February

02/26/2021 - 07:13:00 (RTTNews)

(RTTNews) - Portugal's consumer prices inflation increased in February, preliminary data from Statistics Portugal showed on Friday.

The consumer price index rose 0.49 percent year-on-year in February, following a 0.3 percent gain in January.

The core CPI, which excludes energy and unprocessed food products components increased 0.7 percent in February, following a 0.6 percent rise in the prior month.

Prices for energy declined 3.07 percent year-on-year in February, following a 4.38 percent decrease in the preceding month.

On a monthly basis, consumer prices fell 0.45 percent in February, following a 0.3 percent decrease in the previous month.

The EU measure of harmonized index of consumer price, or HICP, grew 0.3 percent annually in February, following a 0.2 percent growth in the prior month.

On a month-on-month basis, the HICP fell 0.5 percent in February, following a 0.3 percent decrease in the preceding month.

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