Portugal CPI decline slows to 0.2pc in August vs previous month

12 Sep, 2016

LISBON: Portuguese consumer prices slipped 0.2 percent in August, less than the 0.7 percent decline the previous month as the summer clothing and footwear sales drew to a close, but rose from a year ago, official data showed on Monday.

The National Statistics Institute said that year-on-year inflation last month clocked 0.7 percent, up slightly from 0.6 percent in July.

In July, the month-on-month drop was 0.7 percent.

Average inflation in the 12 months to August was unchanged at 0.6 percent.

Copyright Reuters, 2016

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