Financial News: Portugal Inflation Unrevised At 3.0%

Portugal Inflation Unrevised At 3.0%

01/13/2025 - 08:04:00 (RTTNews)

(RTTNews) - Portugal's consumer price inflation increased as initially estimated to the highest level in seven months, the latest report from Statistics Portugal showed on Monday.

Consumer price inflation climbed to 3.0 percent in December from 2.5 percent in November. That was in line with the flash data published on December 30.

Further, this was the highest inflation since May, when prices had risen 3.1 percent.

Core inflation that excludes energy and unprocessed food products also increased to 2.8 percent in December from 2.6 percent in the prior month, as estimated.

The annual price growth in food and non-alcoholic beverages accelerated to 3.4 percent from 2.7 percent. Similarly, transport charges rose at a faster pace of 2.45 percent annually versus 0.37 percent a month ago.

On a monthly basis, consumer prices edged up 0.1 percent in December, reversing a 0.2 percent decrease in the previous month.

EU-harmonized inflation accelerated to 3.1 percent from 2.7 percent in November, in line with the flash data.

An average variation over the last twelve months is estimated at 2.4 percent versus 4.3 percent in 2023, the agency said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Malta HICP Inflation Remains Stable At 1.8% (14 min(s), 24 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation held steady at the start of the year after easing ...Full Story»

Latvian Jobless Rate Rises In Q4 (45 min(s), 24 sec(s) ago)
(RTTNews) - Latvia's unemployment rate increased slightly in the final quarter of 2024 after f ...Full Story»

Poland Retail Sales Expand Most In 8 Months (01 hr(s), 57 min(s), 24 sec(s) ago)
(RTTNews) - Poland's retail sales growth accelerated to the highest level in eight months in J ...Full Story»

Croatia Inflation Climbs To 10-Month High (02 hr(s), 44 min(s), 24 sec(s) ago)
(RTTNews) - Croatia's consumer price inflation accelerated further in January to the highest l ...Full Story»

German Business Confidence Remains Unchanged (03 hr(s), 09 min(s), 24 sec(s) ago)
(RTTNews) - German business morale remained unchanged in February as companies were less satisfied ...Full Story»

Eurozone Inflation Rises As Estimated To 2.5% (03 hr(s), 58 min(s), 24 sec(s) ago)
(RTTNews) - Eurozone inflation rose slightly in January, as initially estimated, driven by higher ...Full Story»

Fitch Downgrades Bahrain's Sovereign Rating Outlook (04 hr(s), 11 min(s), 24 sec(s) ago)
(RTTNews) - Fitch Ratings lowered the outlook on Bahrain's sovereign ratings to 'negative& ...Full Story»

Austria Inflation Rises Less Than Estimated (05 hr(s), 20 min(s), 24 sec(s) ago)
(RTTNews) - Austria's consumer price inflation accelerated slightly less than initially estima ...Full Story»